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U.S. Dollar / New Zealand Dollar

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USDNZD trade ideas

NZD/USD Trend Today - Further Downward?NZD/USD news: 👉The New Zealand dollar (NZD) is losing ground against the US dollar (USD) amid growing concerns over the escalating trade conflict between the United States and China, the world’s two largest economies. 👉On the USD side, weaker-than-expected US economic data on the manufacturing sector, released on Monday, could limit the greenback’s gains and provide some support to the pair. The US ISM Manufacturing Purchasing Managers’ Index (PMI) fell to 50.3 in February from 50.9 previously, missing the market forecast of 50.5. 👉Looking ahead, the NZD could continue to face downward pressure in the long term. Personal opinion: 👉NZD/USD is forming a Bearish Pennant pattern, which is likely to remain oversold. Therefore, consider a reasonable decision to place a Sell order Analysis: 👉Based on the price action and the importance of the fibo combined with SMA to come up with a suitable strategy Plan: 🔆 Set up the price zone: 👉Sell NZD/USD 0.5630 – 0.5640 ❌SL: 0.5690 | ✅TP: 0.5590 – 0.5540 –0.5500 FM wishes you a successful trading day 💰💰💰
Short
by FM-ForexMastermind
1
NZDUSD Will Go Up From Support! Long! Please, check our technical outlook for NZDUSD. Time Frame: 8h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 0.559. Considering the today's price action, probabilities will be high to see a movement to 0.566. 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. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
NZD/USD pair trend this weekNZD/USD news: 🔆The US House of Representatives has approved President Donald Trump’s $4.5 trillion tax cut plan, which aims to overhaul the tax system, stimulate economic growth, and ease regulations to foster a more business-friendly environment. This has contributed to a strong rebound in the US dollar. 🔆Additionally, investors anticipate that Trump’s tax policies could drive inflation higher, potentially compelling the Federal Reserve to maintain a tight monetary policy stance. 🔆In Asia, US 10-year bond yields increased by 0.5%, further supporting the greenback. 🔆Meanwhile, the New Zealand dollar has weakened since Friday, following the Reserve Bank of New Zealand’s (RBNZ) February 19 policy decision to cut the official cash rate by 50 basis points to 3.75%, as expected. This rate cut has made the NZD less appealing compared to the USD. Personal opinion: 🔆The NZD/USD pair still maintains the current downtrend. The USD has more room to increase compared to the underperformance of the NZD. Analysis: 🔆Based on fundamental information combined with important resistance - support levels and trend lines to come up with a suitable plan 🔆 Price Zone Setup: 👉Buy NZD/USD 0.5690 - 0.5700 ❌SL: 0.5740 | ✅TP: 0.5660 – 0.5600 – 0.5550 FM wishes you a successful trading day 💰💰💰
Short
by FM-ForexMastermind
2
Bullish bounce off pullback support?NZD/USD is falling towards the support level which is a pullback that is slightly below the 161.8% Fibonacci extension and the 61.8% Fibonacci retracement and could bounce from this level to our take profit. Entry: 0.5606 Why we like it: There is a pullback support level that is slightly below the 61.8% Fibonacci retracement and the 161.8% Fibonacci extension. Stop loss: 0.5567 Why we like it: There is a pullback support level. Take profit: 0.5664 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 at Key Support - Bullish Continuation SetupOANDA:NZDUSD has broken above a key resistance zone, which has now flipped to support, aligning with a potential bullish continuation. The recent retest of this level held successfully, indicating strong buyer interest and reinforcing the bullish outlook. After making a new high, price has now pulled back for another retest of this support zone, presenting a potential continuation setup. If buyers step in at this level, the price could resume its upward momentum toward 0.57610 as the next key target. A strong rejection from this zone would further confirm bullish strength. However, a deeper breakdown below the support area could indicate a shift in momentum. Monitoring price action for bullish confirmation will be key before entering long positions. What’s your outlook on this setup? Let me know your thoughts!
Long
by DanieIM
1
NZD/USD 4-Hour Time Frame Analysis Technical Analysis: On the 4-hour chart, the NZD/USD pair is exhibiting a bullish structure, forming higher highs and higher lows after breaking through two key resistance levels at 0.56900 and 0.57200, which are now acting as minor support zones. Following a false breakout, the price retested the 0.56900 support level before resuming its upward movement, accumulating significant buying volume. This accumulation suggests a potential liquidity hunt as the market gathers momentum. Key Trade Parameters: Entry: Buy limit at 0.57250, contingent on a confirmed 4-hour candle close above 0.57200. Stop Loss (SL): Positioned below the liquidity zone at 0.56840 to manage downside risk. Take Profit (TP): Targeting the next resistance level at 0.58070. Market Outlook: Our primary focus is to monitor the price action within the liquidity zone. A confirmed break and sustained close above 0.57200 will validate a bullish continuation, providing a favorable opportunity for a long position. Fundamental Analysis: As of February 26, 2025, China's Politburo has announced plans to adopt proactive fiscal and moderately loose monetary policies to stimulate economic growth throughout the year. These initiatives were outlined during the December 2024 Central Economic Work Conference, which set the strategic economic agenda for 2025. Key policy measures include: Increased public spending through ultra-long treasury bonds. Investment incentives targeting business growth and modernization. Consumer stimulus programs, such as subsidies for vehicle and appliance upgrades. While the full implementation of these policies is ongoing, their positive spillover effects are expected to influence global trade dynamics throughout 2025 (Source: Reuters). Implications for NZD/USD: China's proactive fiscal and monetary stance supports a positive outlook for the NZD/USD pair. As these policies drive economic activity, increased demand for New Zealand exports—particularly in agriculture and commodities—could provide upward momentum for the New Zealand Dollar. If these measures are effectively implemented, the NZD/USD pair may experience sustained bullish momentum, offering attractive opportunities for market participants. 📌 Disclaimer: This analysis is for informational and educational purposes only and should not be considered financial advice. Trading involves risk, and you should conduct your own research before making any investment decisions. Past performance does not guarantee future results.
Long
by RebornFXTrader