NZDUSD trade ideas
NZDUSD oversold bounce back support at 0.5887The NZDUSD remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend.
Support Zone: 0.5887 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 0.5887 would confirm ongoing upside momentum, with potential targets at:
0.6020 – initial resistance
0.6040 – psychological and structural level
0.6056 – extended resistance on the longer-term chart
Bearish Scenario:
A confirmed break and daily close below 0.5887 would weaken the bullish outlook and suggest deeper downside risk toward:
0.5865 – minor support
0.5840 – stronger support and potential demand zone
Outlook:
Bullish bias remains intact while the NZDUSD holds above 0.5887 A sustained break below this level could shift momentum to the downside in the short term.
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NZDUSD Will Go Higher! Long!
Here is our detailed technical review for NZDUSD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 0.592.
Taking into consideration the structure & trend analysis, I believe that the market will reach 0.602 level soon.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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NZDUSD – Breakout from Inverse Head & Shoulders + Trendline AreaNZDUSD is showing a bullish reversal setup on the 1-hour chart.
Price has broken above a long-standing descending trendline, indicating a potential shift in market structure.
A clear Inverse Head & Shoulders pattern has formed, suggesting a bullish reversal.
Price has broken above the neckline and the key resistance zone (highlighted in grey)
he 50 EMA has now been reclaimed, supporting the bullish bias
Tariffs, NZ unemployment, and rate cuts: Highlights for the weekAfter a packed calendar last week, this one looks lighter—but there are still key events across major economies likely to drive FX market movement.
India Tariffs and Oil Prices
U.S. President Donald Trump has announced plans to raise tariffs on Indian imports, citing India’s continued purchase and resale of Russian oil. The White House rightly claims this undermines sanctions and helps fund the war in Ukraine. India’s Ministry of External Affairs called the move “unjustified and unreasonable.”
New Zealand Jobs Data — Wednesday
New Zealand’s Q2 unemployment rate is expected to rise from 5.1% to 5.3%, the highest level since late 2015. With inflation back within the RBNZ’s 1–3% target range, a soft labour print could provide the final justification for a rate cut at the next policy meeting.
Bank of England Rate Decision — Thursday
The BoE is widely expected to cut its policy rate by 25 basis points this week, responding to slowing economic momentum despite ongoing inflation concerns. Traders will closely watch Governor Bailey’s remarks to gauge whether this marks the start of a broader easing cycle or a single adjustment.
NZD/USD SENDS CLEAR BEARISH SIGNALS|SHORT
NZD/USD SIGNAL
Trade Direction: short
Entry Level: 0.595
Target Level: 0.590
Stop Loss: 0.599
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 6h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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NZDUSD Wave Analysis – 7 August 2025- NZDUSD reversed from the support area
- Likely to test resistance level 0.6050
NZDUSD currency pair recently reversed from the support area between the strong support level of 0.5880 (which has been reversing the price from May) and the lower daily Bollinger Band.
The upward reversal from this support area created a clear daily Japanese candlestick reversal pattern, the Hammer, which initiated active correction ii.
Given the strongly bearish US dollar sentiment seen today, NZDUSD currency pair can be expected to rise to the next resistance level 0.6050 (top of wave 2 from July).
NZDUSD H4 | Bearish drop off 50% Fibonacci resistanceNZD/USD is rising towards the sell entry, which serves as a pullback resistance and could potentially reverse lower.
Sell entry is at 0.5941, which is a pullback resistance.
Stop loss is at 0.5978, which is a pullback resistance that lines up with the 50% Fibonacci retracement.
Take profit is at 0.5896, which is a swing low support.
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Bullish reversal?NZD/USD is falling towards the support level, which is a swing low support that lines up with the 127.2% Fibonacci extension. Could NZD/USD bounce from this level to our take profit?
Entry: 0.5864
Why we like it:
There is a swing low support that lines up with the 127.2% Fibonacci extension.
Stop loss: 0.5828
Why we like it:
There is a pullback support that lines up with the 145% Fibonacci extension.
Takeprofit: 0.5941
Why we like it:
There is a pullback resistance level.
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Heading into 50% Fibonacci resistance?The Kiwi (NZD/USD) is rising towards the pivot, which is an overlap resistance that lines up with the 50% Fibonacci retracement and could reverse to the 1st support.
Pivot: 0.5999
1st Support: 0.5941
1st Resistance: 0.6030
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