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New Zealand Dollar / U.S. Dollar

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NZDUSD trade ideas

NZD/USD Falls Following Failed Attempt to Test November HighNZD/USD carves a series of lower highs and lows following the failed attempt to test the November high (0.6038), and the bearish price action may persist as it continues to fall from a fresh yearly high (0.6032). A move/close below the 0.5920 (61.8% Fibonacci extension) to 0.5930 (78.6% Fibonacci extension) zone may push NZD/USD toward the monthly low (0.5847), with the next area of interest coming in around 0.5740 (78.6% Fibonacci retracement) to 0.5760 (100% Fibonacci extension). Nevertheless, NZD/USD may snap the bearish price series should it defend the advance from the monthly low (0.5847), with a breach above the November high (0.6038) bringing 0.6070 (61.8% Fibonacci extension) on the radar. --- Written by David Song, Senior Strategist at FOREX.com
by FOREXcom
NZDUSD What Next? SELL! My dear friends, My technical analysis for NZDUSD is below: The market is trading on 0.5966 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 0.5933 Recommended Stop Loss - 0.5989 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
NZDUSD holds near 60c after the RBNZ’s cutNZDUSD has remained in a sideways trend since peaking in late April as trade tension has generally calmed down significantly and traders reevaluated probabilities for monetary policy in the second half of the year. Of the two central banks, the RBNZ seems clearly more dovish than the Fed, which creates potential headwinds for the Kiwi dollar. The normal situation before 2020 of a carry from buying seems likely to remain reversed until early next year at least. Strong recovery in mid-late April moderated fairly quickly, with somewhat lower volume and volatility for most of May so far. The 20 SMA is a potential dynamic support but not a very strong one; the 50 SMA from Bands might be more reliable as a dynamic support. The influence of fundamentals seems generally negative and 60c looks like a strong static resistance, having been tested three times, so the upside might be limited for NZDUSD for now. 55c would be the obvious medium-term target for sellers as last month’s low, but a new downtrend from here would probably depend on the Fed’s minutes late on 28 May and American second estimate GDP the next day being received broadly positively. Traders are also looking ahead to personal consumption expenditures on Friday 30 May. This is my personal opinion, not the opinion of Exness. This is not a recommendation to trade.
by Michael_Stark_Exness
Market Analysis: NZD/USD Faces Pressure, Dips AgainMarket Analysis: NZD/USD Faces Pressure, Dips Again NZD/USD is also moving lower and might extend losses below 0.5935. Important Takeaways for NZD/USD Analysis Today - NZD/USD declined steadily from the 0.6000 resistance zone. - There is a major bearish trend line forming with resistance at 0.5960 on the hourly chart of NZD/USD at FXOpen. NZD/USD Technical Analysis On the hourly chart of NZD/USD on FXOpen, the pair also followed a similar pattern and declined from the 0.6030 zone. The New Zealand Dollar gained bearish momentum against the US Dollar. The pair settled below the 0.5960 level and the 50-hour simple moving average. Finally, it tested the 0.5930 zone and is currently consolidating. Immediate resistance on the upside is near the 23.6% Fib retracement level of the downward move from the 0.6031 swing high to the 0.5929 low at 0.5960. There is also a major bearish trend line forming with resistance at 0.5960. The next resistance is the 0.5985 level or the 50% Fib retracement level of the downward move from the 0.6031 swing high to the 0.5929 low. If there is a move above 0.5985, the pair could rise toward 0.6030. Any more gains might open the doors for a move toward the 0.6080 resistance zone in the coming days. On the downside, immediate support on the NZD/USD chart is near the 0.5930 level. The next major support is near the 0.5910 zone. If there is a downside break below 0.5880, the pair could extend its decline toward the 0.5850 level. The next key support is near 0.5820. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
1
New Zealand dollar sharply lower, RBNZ cut expectedThe New Zealand dollar is sharply lower on Tuesday. In the North American session, NZD/USD is trading at 0.5950, down 0.83% on the day. A day earlier, the New Zealand dollar touched a high of 0.6031, its highest level since Oct. 2024. The Reserve Bank of New Zealand is widely expected to lower rates by a quarter-point to 3.25% on Wednesday. With little doubt about the decision, investors will be focusing on the Reserve Bank's updated forecasts. The markets are looking at another rate cut in July and perhaps one more later in the year, which would lower the cash rate below 3.0%. The RBNZ has been dealing with a weak domestic economy and a deteriorating outlook for the global economy due to US President Trump's erratic tariff policy. The RBNZ would like to continue trimming rates and restore consumer and business confidence. New Zealand's inflation was higher than expected in the first quarter at 2.5%, up from 2.2% in Q4 2024. This is within the Bank's inflation target of 1%-3% and means that inflation levels won't prevent the Bank from lowering rates on Wednesday. US durable goods orders plunges, consumer confidence surges In the US, Durable Goods Orders declined by 6.3% m/m in April, after a 7.5% gain in March, which was the fastest pace of growth since July 2020. The soft reading managed to beat the market estimate of -7.8%. The Conference Board Consumer Confidence index, which has fallen steadily this year, surged to 98.0 in May, up from 86.0 in April and blowing past the market estimate of 87.0. We'll hear from more Federal Reserve members on Wednesday, which could provide some insights into the Fed's rate path. The Fed has adopted a wait-and-see stance and is widely expected to hold rates for a fourth straight time at the next meeting on June 18. NZD/USD has pushed below support at 0.5978 and is testing 0.5955. Below, there is support at 0.5928 There is resistance at 0.6005 and 0.6028
by OANDA
NZD/USD Bearish Reversal Setup | AB=CD -Week 7Hey Traders! I'm currently watching a possible bearish reversal setup forming on the NZD/USD 1H chart based on: ✅ Confluence Factors: 🔹 AB=CD Harmonic Pattern Price is approaching the D point near the PRZ (Potential Reversal Zone) AB=CD ratio aligns closely with 1.618 and 0.618 fibs for BC leg 🔹 Bearish RSI Divergence RSI is showing a higher high while price action is also making a higher high Classic sign of momentum weakening at the top 📌 Trading Plan: Wait for price to reach or slightly exceed point D / PRZ zone Watch for clear lower highs and lower lows on price structure Confirm entry with bearish divergence and candle confirmation Enter via Sell Stop below support or structural break Target: Previous support zones Stop Loss: Above PRZ/point D #NZDUSD #HarmonicPatterns #RSIDivergence #TechnicalAnalysis #TradingSetup #ABCDPattern #Forex #TradingView
Short
by asimafridi
NZDUSD Wave Analysis – 3 June 2025 - NZDUSD reversed from the resistance zone - Likely to fall to support level 0.5900 NZDUSD currency pair recently reversed down from the resistance zone between the resistance level 0.6030 (which has been reversing the price from November), the upper daily Bollinger Band and the 61.8% Fibonacci correction of the downward impulse from September. The downward reversal from this resistance zone stopped the C-wave of the previous ABC correction (2). Given the strength of the resistance level of 0.6030 and the bearish divergence on the daily Stochastic, the NZDUSD currency pair can be expected to fall to the next support level of 0.5900.
Short
by FxProGlobal
Waiting for a Short-Term Pullback Before the Next Bullish Leg? NZDUSD – Waiting for a Short-Term Pullback Before the Next Bullish Leg? As global markets await the upcoming U.S. Non-Farm Payrolls (NFP) report later this week, NZDUSD is showing early signs of short-term weakness following a strong bullish rally from the 0.5905 low. While the broader structure remains bullish, a corrective move may be necessary to shake out weak hands and reload liquidity before a renewed surge. 🌐 Macro & Fundamental Outlook: New Zealand: Recent economic releases from New Zealand have been lackluster, yet the RBNZ's hawkish policy stance (high interest rates) continues to support the Kiwi. However, pressure from China – New Zealand’s top trading partner – remains a drag. United States: The U.S. Dollar remains under pressure due to rising expectations that the Fed will start cutting rates by Q3 2025, despite some hawkish tones from FOMC officials. This week’s NFP report will be a decisive factor. Market Sentiment: After a ~150-pip rally, traders are beginning to take profits. The correction could offer a golden re-entry opportunity. 📊 Technical Analysis: Trend Bias: The market structure is still in an uptrend, maintaining Higher Highs and Higher Lows. Fibonacci Retracement: Price is currently pulling back toward the 0.5 – 0.618 Fibo zone (0.5992 – 0.5978), aligning with the H1 89 & 200 EMAs. EMA Structure (13 – 34 – 89 – 200): Still bullish but currently signaling a short-term pullback. 🔑 Key Price Zones: Resistance Levels: 0.6014 – 0.6052 Support Levels: 0.5973 – 0.5951 – 0.5932 🧭 Trade Plan 📌 Buy Setup (trend continuation): BUY ZONE: 0.5951 – 0.5932 SL: 0.5900 TP: 0.5978 → 0.6014 → 0.6052 📌 Expecting a bullish bounce off the 61.8% Fibo + EMA 200 confluence ahead of NFP. 📌 Sell Setup (short-term countertrend scalp): SELL ZONE: 0.6014 – 0.6025 SL: 0.6060 TP: 0.5978 → 0.5951 📌 Anticipating a reaction at a key resistance zone – ideal for intraday scalpers. ⚠️ Risk Management Notes: Stay cautious ahead of high-impact U.S. data (ADP, Jobless Claims, NFP). Favor buying the dip in line with the higher-timeframe trend. Maintain discipline with tight SLs (30–35 pips max per setup).
Short
by MMFlowTrading
US Dollar May Face a Major Downtrend — NZDUSD Full Case Study One-sentence key takeaway: "The coming dollar downtrend is unfolding—NZDUSD has already taken off! Catch the structural breakout; the next station may witness a major dollar reversal." 1. Key Breakout Trigger — May 13 Signal time: 2025-05-13 22:01 Trigger price: 0.58932 Insight: Multi-timeframe signal confluence on NZDUSD, 0.58932 marks a major bullish breakout. Strategy: As long as price holds above 0.59, stay bullish and ride the trend from the start. 《NZD（纽元）大级别上涨启动点（05月13日）》 2. First Follow-up — May 20 Price remained above 0.59; signal confirmed Conclusion: Signal fully respected, trend intact, stay long and patient. 《NZD（纽元）大级别上涨启动点 —— 跟踪篇(1)（05月20日）》 3. Temporary Resistance — May 26 Current price: 0.60206 Non-USD pairs facing resistance, some consolidation appearing. Strategy: Any pullback is not a concern; watch the structure, the main trend is unchanged. 《NZD（纽元）大级别上涨启动点 —— 跟踪篇(2)（非美遇到阻力）（05月26日）》 4. Second Breakout — May 28 Current price: 0.59691 Non-USD currencies re-ignite; strong inflow and bullish momentum. Strategy: Buy dips in line with the trend, bullish bias unchanged. 《https://cn.tradingview.com/chart/idea/hDlgFQsc/》 5. Latest Update — June 2 Current price: 0.6005 Dollar Index: 98.965, down 0.48% today NZDUSD and other non-USD pairs remain strong, Dollar Index keeps weakening. Conclusion: The major dollar downtrend is clearly in play; non-USD bullish momentum remains dominant. My Bias Strongly bearish on USD; looking to buy NZDUSD and other non-USD pairs on dips As long as 0.59 holds, the main trend stands Every correction is a new chance to get on the next leg up "Only big signals. Only key inflection points—miss one, and you could miss an entire cycle of wealth!"
Long
by EC-M