Get started

New Zealand Dollar / U.S. Dollar

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Economic Calendar

NZDUSD trade ideas

NZDUSD Is Very Bullish! Buy! Please, check our technical outlook for NZDUSD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 0.588. The above observations make me that the market will inevitably achieve 0.592 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
NZD/USD Drops as Odds of RBNZ Rate Cut Increase, What's Next?"Since the 18th of July, NZDUSD has dropped for 6 consecutive days. This is due to the increased expectations of a rate cut by RBNZ in the upcoming meeting (14th of August). What should we expect as the NZDUSD is approaching the 0.58600 support zone? 1. Current Situation Fundamental Analysis: - Expectations of interest rate cuts in August by RBNZ are rising (near future expectation of weakening NZD). - FOMC is expected to hold interest rates in August, but there is an expectation of 3 cuts soon (near future expectation of a stable USD). Technical Analysis: - NZDUSD is approaching the 0.58600 support zone, there might be a rebound as buyers enter the market and pause the drops. 2. Key Levels to be Aware Of Support Zone: - 0.57700 to 0.58000. If the price can hold above these figures, NZDUSD might have a chance to rebound. If the price breaks below the 0.57700 support zone, there will be a high chance that NZDUSD will continue a downtrend until it hits the next support at 0.55200. Short-term Resistance: - If the price rebounds, the nearest (short-term) resistance will be at 0.60500, followed by a stronger resistance at 0.62000. 3. Things to be Aware Of RBNZ & FOMC Policy Announcements: Any forthcoming statements or decisions from the RBNZ or FOMC will be crucial. For RBNZ, a confirmed rate cut or dovish tone could push the pair lower, while a more neutral tone could support a recovery."
by ThinkMarkets