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U.S. Dollar / New Zealand Dollar

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USDNZD trade ideas

Market Analysis: NZD/USD Bounces Back: Are Further Gains Ahead?Market Analysis: NZD/USD Bounces Back: Are Further Gains Ahead? NZD/USD is also rising and might aim for more gains above 0.5685. Important Takeaways for NZD USD Analysis Today - NZD/USD is consolidating gains from the 0.5650 zone. - There is a major bullish trend line forming with support at 0.5685 on the hourly chart of NZD/USD at FXOpen. NZD/USD Technical Analysis On the hourly chart of NZD/USD on FXOpen, the pair started a steady increase from the 0.5565 zone. The New Zealand Dollar broke the 0.5600 resistance to start the recent increase against the US Dollar. The pair settled above 0.5650 and the 50-hour simple moving average. It tested the 0.5720 zone and is currently correcting gains. The pair corrected lower below the 0.5700 level. The NZD/USD chart suggests that the RSI is now approaching 40. On the downside, immediate support is near the 23.6% Fib retracement level of the upward wave from the 0.5563 swing low to the 0.5723 high at 0.5685. There is also a major bullish trend line forming with support at 0.5685. The first key support is near the 50% Fib retracement level of the upward wave from the 0.5563 swing low to the 0.5723 high at 0.5645. The next major support is near the 0.5600 level. If there is a downside break below the 0.5600 support, the pair might slide toward the 0.5565 support. Any more losses could lead NZD/USD in a bearish zone to 0.5520. On the upside, the pair might struggle near 0.5720. The next major resistance is near the 0.5735 level. A clear move above the 0.5735 level might even push the pair toward the 0.5780 level. Any more gains might clear the path for a move toward the 0.5850 resistance zone in the coming days. Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot. 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
Bullish bounce off 50% Fibonacci support?NZD/USD is falling towards the support level which is a pullback support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit. Entry: 0.5648 Why we like it: There is a pullback support that lines up with the 50% Fibonacci retracement. Stop loss: 0.5584 Why we like it: There is a pullback support that is slightly below the 78.6% Fibonacci retracement. Take profit: 0.5722 Why we like it: There is a pullback resistance level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
NZDUSD - LongTerm + MidTerm forecast, Technical AnalysisMonthly TimeFrame: Weekly TimeFrame: LongTerm forecast (Monthly Timeframe): Price is in a Downtrend, But 0.5470 is a Major support. Considering that this support line has not been broken since 2009, there is a high probability that the price will be rejected and a long-term upward trend will be formed. But this process will also take years. MidTerm forecast (Daily Timeframe): 0.57992 is a major resistance, while this level is not broken, the Midterm wave will be downtrend. We would set buy orders based on Daily-Trading-Opportunities and expect to reach MidTerm targets. Beginning of entry zone (0.5540) Ending of entry zone (0.5470) Take Profits: 0.5664 0.5750 0.5799 0.5863 0.5916 0.6036 0.6118 0.6259 0.6368 __________________________________________________________________ ❤️ If you find this helpful and want more FREE forecasts in TradingView, . . . . . Please show your support back, . . . . . . . . Hit the 👍 BOOST button, . . . . . . . . . . . Drop some feedback below in the comment! 🙏 Your Support is appreciated! Let us know how you see this opportunity and forecast. Have a successful week, ForecastCity Support Team
Long
by ForecastCity
20
NZDUSD Will Go Higher! Buy! Please, check our technical outlook for NZDUSD. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 0.571. Taking into consideration the structure & trend analysis, I believe that the market will reach 0.580 level soon. 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
NZDUSD - DOUBLE BREAKOUT TO THE UPSIDE.Pair has broken out of pattern(s) and this comes with a strong momentum. Would likely see a strong push up to 0.5800 level (over a 100pips) in the coming days with other targets in view. But first level 0.57370 looks more certain intraday and "maybe" offer some resistance. We have the fib. retracement level 0.236 and megaphone upper trendline as obstacle. Would it pullback to resistance now turned support? Not sure, but would Long scalp at any given opportunity.
Long
by GhosTrader_GT
NZD Possible Daily Future Formation?Now this may just be a big rationalization but i am curious to know what your guys thoughts are on this possible pattern. With the dollars strong NFP data earlier today extending the price lower, the dollar also hit a large untested resistance on the daily timeframe. i am wondering if this could be a very sideways H&S in the event that the dollar rejects that daily level. The large buyside liquidity draws in the middle of structure also make me believe there could be a retracement to the upside on NZD. This isnt a TP or SL idea, i am looking for the opinion of other fellow traders and what they may think the price action could be in the coming week. Feedback is greatly appreciated. Kind feedback of course, Tradingview minds and ideas have turned into a battle ground over who is a moron for their idea and who is not lol. If i am incorrect ill be waiting for that red bearish candle to blow through my computer screen and desk to then hit my toes. Lmk.
Long
by andrewsbregar9
potential buy idea NZDUSDA potential buying opportunity is emerging as the price breaks out of a descending trendline, fueled by a successful test of daily support and a bullish divergence on the 4-hour chart. The price has been creating higher highs, indicating a shift in momentum. Key levels to watch: 1. Retest of the broken trendline for a potential long entry. 2. Break and retest of the 4-hour order block above, offering a secondary buying opportunity. PS: This analysis is for educational purposes only and should not be considered financial advice. Always practice good risk management.
Long
by phoenixwicks9
2
NZDUSDThis is a technical analysis chart for the NZD/USD currency pair on a 30-minute timeframe. Here's a breakdown of what is happening: Descending Channel: The price has been moving within a downward-sloping channel, indicated by the two blue trendlines. These trendlines show lower highs and lower lows, suggesting a short-term bearish trend. Breakout Potential: The price has recently moved above the upper boundary of the descending channel. This breakout could indicate a shift in momentum from bearish to bullish. Resistance Levels: 0.56845: A horizontal blue line marks a key resistance level that the price might test. 0.56890: Another resistance level just above, which is also marked as "High" on the chart. Arrow Suggestion: The upward arrow suggests that the price might continue moving higher, targeting the 0.56845 resistance level as the next potential price point. Current Price: The price is at 0.56666, with a bid/ask spread of 0.56668/0.56671. Conclusion: The chart is signaling a potential bullish move following the breakout. If the price sustains above the channel and gains momentum, it could reach the resistance levels marked. However, traders may wait for confirmation of the breakout to avoid false signals.
Long
by Dee9549
2