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U.S. Dollar / New Zealand Dollar

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NZDUSD If the support of the bottom of the channel is not lostIf the support of the bottom of the channel is not lost, the upward path will continue and imaginable scenarios. As long as it does not lose the bottom of the long-term ascending channel, it will follow the path drawn by the blue arrow in the current descending channel and the target points can be imagined for it. If it hits the bottom of the ascending channel again and loses it, the next support level is marked in the red path. The results of the US presidential election and the upcoming federal conference of the day and the decision regarding the interest rate should also be taken into account.
Long
by mjdyavari
2
NZD/USD rises ahead of jobs data, US electionThe New Zealand dollar is higher on Monday. In the European session, NZD/USD is trading at 0.5991, up 0.49% on the day. The New Zealand dollar is coming off a miserable October, plunging 5.9%. New Zealand releases the third quarter employment report on Wednesday. The markets are braced for soft numbers that point to a deterioration in the labor market. Employment change is expected to decline by 0.4% after a 0.4% gain in the second quarter. As well, the unemployment rate is expected to jump to 5%, from 4.6% in the second quarter. The New Zealand dollar is vulnerable to a weak employment report. The Reserve Bank of New Zealand will be keeping a close eye on the job release. A weak employment report will support for the case for a rate cut at the Nov. 27 meeting. Last month, the central bank made an aggressive cut of 50 basis points, lowering the cash rate to 4.75%. What can we expect at the next meeting? Inflation has been moving lower and eased to 2.2% y/y in the third quarter. This was down sharply from 3.3% in Q2 and more importantly, was back within the RBNZ’s target band of 1%-3%. The decline in inflation has raised expectations of further aggressive cuts and the most likely scenario is another 50-bp cut. Still, the RBNZ has demonstrated in the past that it can be very aggressive and a 75-bp cut cannot be ruled out. The US election on Tuesday is too close to call and the political uncertainty could translate in volatility in the financial markets. With the votes in some swing states expected to be very close, we can expect recounts and even court challenges, which means that the election outcome won’t be determined for days or even weeks, which could leave investors uneasy. The election will be followed by the Federal Reserve rate decision on Thursday, with the markets pricing in a 25-bp cut at close to 100%. NZD/USD tested resistance at 0.6014 earlier. Above, there is resistance at 0.6028 There is support at 0.5988 and 0.5974
by OANDA
1
NZDUSD Analysis: Anticipating a Slight Bullish Bias on November NZDUSD Analysis: Anticipating a Slight Bullish Bias on November 4, 2024 Introduction Today, November 4, 2024, the NZDUSD (New Zealand Dollar to US Dollar) pair may see a slight bullish bias, supported by various fundamental factors and current market conditions. This article provides a detailed analysis of NZDUSD, focusing on the key drivers and factors shaping the market to help traders make informed decisions. For TradingView readers, we’ve highlighted essential keywords to enhance SEO visibility, ensuring this article reaches those interested in NZDUSD forex trading. Key Drivers Impacting NZDUSD Today 1. New Zealand's Economic Indicators - Recent data from New Zealand suggest signs of resilience in the economy. The employment change report has shown a steady improvement, with job growth figures remaining healthy, indicating an active labor market. This positive outlook could drive investor sentiment toward the New Zealand dollar, potentially contributing to a slight bullish trend in NZDUSD. 2. US Dollar Weakness amid Mixed Economic Signals - The US Dollar Index has experienced slight declines, attributed to recent mixed economic data from the United States. Employment numbers from the US have fallen short of expectations, indicating potential softening in the labor market. Additionally, lower-than-expected PMI data may weigh on the dollar’s strength, giving the New Zealand dollar room to appreciate against the USD. 3. Interest Rate Differential between RBNZ and the Federal Reserve - The Reserve Bank of New Zealand (RBNZ) has maintained a more dovish approach, yet expectations remain that the RBNZ will keep rates steady. In contrast, the Federal Reserve's signals toward holding interest rates stable could lead investors to seek higher-yielding currencies, such as the New Zealand dollar, in search of better returns. This factor may support a bullish bias for NZDUSD today. 4. China's Economic Conditions and Impact on NZD - China’s economic performance has a significant influence on the New Zealand dollar due to the trade relationship between the two countries. Recent data from China indicate modest improvements in manufacturing and industrial production, which could provide indirect support to the New Zealand dollar. As market sentiment improves around Chinese growth, demand for commodities and related currencies, such as the NZD, might see a boost. 5. Technical Analysis Points to Potential Upside - From a technical perspective, NZDUSD is trading above its 20-day moving average, and the Relative Strength Index (RSI) indicates a near-neutral position, suggesting room for an upward move. Additionally, recent chart patterns hint at possible support near 0.5850, with resistance around 0.5950, creating a scenario where buyers may step in if support levels hold firm. Conclusion In conclusion, NZDUSD could see a slight bullish bias today, with factors such as New Zealand’s stable economic indicators, recent USD weakness, interest rate differentials, and China’s economic health supporting the pair. While this analysis indicates a possible upward movement, traders should remain cautious and monitor any new data releases from both New Zealand and the United States. Stay tuned to TradingView for live updates and further analysis on NZDUSD. Here are nine SEO keywords for your NZDUSD article: 1. NZDUSD forecast 2. New Zealand Dollar to US Dollar 3. NZDUSD analysis 4. Forex trading NZDUSD 5. NZDUSD market outlook 6. NZDUSD today’s trend 7. Forex trading strategies 8. US Dollar weakness impact 9. NZDUSD bullish trend
Long
by PERFECT_MFG
1
NZDUSD forming a bottom?NZDUSD - 24h expiry Indecisive price action has resulted in sideways congestion on the intraday chart. Pivot support is at 0.5925. We expect a reversal in this move. A move through 0.5950 will confirm the bullish momentum. The measured move target is 0.6050. We look to Buy at 0.5925 (stop at 0.5885) Our profit targets will be 0.6025 and 0.6050 Resistance: 0.5950 / 0.6000 / 0.6050 Support: 0.5925 / 0.5900 / 0.5875 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
NZDUSD H1 | Bearish Drop Based on the H1 chart analysis, we can see that the price is rising toward our sell entry at 0.6015, which is a pullback resistance. Our take profit will be at 0.5973, a pullback support level close to 50% Fibo retracement. The stop loss will be at 0.6040, above swing high resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
Potential bullish rise?The kiwi (NZD/USD) is reacting off the pivot and could rise from this level to the 61.8% Fibonacci resistance. Pivot: 0.5991 1st Support: 0.5939 1st Resistance: 0.6048 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
2
#NZDUSD 4HNZDUSD 4-Hour Analysis The NZDUSD pair is currently trading at a key support level on the 4-hour chart and has recently formed a bullish engulfing pattern near this support. This combination signals potential upward momentum, as the support level and bullish engulfing pattern suggest buyers are gaining control, creating a buy opportunity. Technical Outlook: - Pattern: Support with Bullish Engulfing - Forecast: Bullish (Buy Opportunity) - Entry Strategy: Buy near the support and bullish engulfing area Traders may consider entering a buy position around this support area, targeting higher resistance levels above. For added confidence, indicators such as RSI indicating oversold conditions or MACD showing bullish momentum can strengthen this setup, supporting the bullish outlook for NZDUSD.
Long
by PIPSFIGHTER
UPDATE ON NZD/USD ANALYSISNZD/USD 30M - As you can see price has recently traded us down and into the Demand Zone I gave out to you all on this weeks Sunday Sessions video. I am now wanting to see Demand being introduced. As a result of this we can expect price to increase, continuing to trade price higher, this allowing us to look to buy into this market. Before we buy in though its important we wait for confirmation to enter, this will come from a BOS to the upside. A BOS will tell us that enough Demand has been introduced to flip the current S&D balance. With more Demand being introduced we will begin to see price follow the laws of bullishness rather than bearishness, hence the break in the last structural high. This is when we can then begin to look to buy into this market, price is already showing good signs with it consolidating within this area, this could be an accumulation.
Long
by Lukegforex
NZDUSD Daily Outlook: Bullish Bias Expected Amid Key FundamentalNZDUSD Daily Outlook: Bullish Bias Expected Amid Key Fundamental Drivers (07/11/2024) Overview On 7th November 2024, NZDUSD is showing signs of a slight bullish bias, driven by key economic data releases and broader market sentiment. This article provides an in-depth look at the factors shaping NZDUSD today, including central bank commentary, global market trends, and recent shifts in risk sentiment. Keywords: NZDUSD forecast, New Zealand dollar, forex trading, USD, economic data, central bank policy, risk sentiment, technical analysis, forex market --- Key Factors Supporting NZDUSD Bullish Bias Today 1. Federal Reserve Dovish Outlook Recent Federal Reserve statements have taken a slightly dovish tone, with policymakers emphasizing a "wait-and-see" approach to further rate hikes. The possibility of a Fed pause on interest rates provides support to the New Zealand dollar, as market sentiment leans towards a softer USD. 2. RBNZ’s Hawkish Stance on Interest Rates The Reserve Bank of New Zealand (RBNZ) recently signaled a focus on inflation control, reinforcing a hawkish stance relative to the Fed. This contrasts with other central banks, positioning NZD as an attractive currency in the current global environment. Markets are pricing in a limited chance of a rate hike from the RBNZ in the near term, which could further support NZD. 3. Improved Risk Sentiment Global markets have seen an increase in risk appetite, with equities rebounding and commodities trading higher. This shift often benefits the NZD due to its reputation as a commodity-linked and high-yield currency. As investors seek yield, demand for the New Zealand dollar may rise, enhancing NZDUSD. 4. Strong New Zealand Economic Data New Zealand’s recent economic data, including employment figures and business confidence, indicate resilience in the economy. Solid domestic growth and low unemployment rates suggest underlying strength, which could further boost NZD demand against USD. 5. Technical Analysis Indicators From a technical standpoint, NZDUSD is approaching key support levels around 0.5900, showing upward momentum and signaling a potential reversal. RSI (Relative Strength Index) levels indicate that the pair may have room to move higher before hitting overbought territory, aligning with a bullish outlook. NZDUSD Today: What to Watch For - US Initial Jobless Claims – Scheduled later today, these figures may influence USD if they show a labor market slowdown, potentially adding to the Fed’s dovish stance and supporting NZDUSD. - NZDUSD’s Resistance Levels – Key resistance near 0.6050 could be tested if bullish momentum continues, while support at 0.5900 could offer a base. Conclusion Given the softer stance from the Federal Reserve and favorable economic data from New Zealand, NZDUSD shows signs of a slight bullish bias. As always, forex traders should monitor any significant data releases closely, as these could prompt volatility in NZDUSD. SEO Tags: #NZDUSDforecast #ForexTrading #NewZealandDollar #USD #NZDUSDtechnicalanalysis #ForexMarket #RiskSentiment #CentralBankPolicy #DailyForexAnalysis
Long
by PERFECT_MFG
NZDUSD Daily Analysis: Slight Bullish Bias Expected Amid SupportNZDUSD Daily Analysis: Slight Bullish Bias Expected Amid Supportive Economic Indicators 12/11/2024 Introduction Today’s analysis of NZDUSD suggests a slight bullish bias, driven by key factors impacting both the New Zealand dollar (NZD) and U.S. dollar (USD). Economic resilience in New Zealand, a softer U.S. dollar, and favorable global sentiment are supporting the NZD’s position. This article will outline the primary drivers influencing NZDUSD’s trend today, providing valuable insights for traders. --- Key Drivers Influencing NZDUSD Today 1. Resilient New Zealand Economic Data Recent data indicates solid economic performance in New Zealand, particularly within its export sectors, including dairy and agricultural products. The Reserve Bank of New Zealand (RBNZ) has shown a cautiously optimistic stance on inflation, hinting at a stable policy outlook. This resilience adds support to the NZD, providing upward momentum as the economy shows continued growth and stability. 2. Weakening U.S. Dollar Amid Fed Caution The U.S. dollar has weakened due to recent mixed economic data, including softer inflation and labor reports, prompting the Federal Reserve to take a cautious stance on further rate hikes. The dovish sentiment surrounding the USD supports NZDUSD’s bullish outlook, as a weaker dollar environment typically benefits the NZD. 3. Positive Global Risk Sentiment The NZD often benefits when global risk sentiment is strong, as it is considered a “risk-on” currency. Recent stability in financial markets and strong commodity prices have boosted demand for the NZD. Improving global conditions and continued demand for commodities provide additional support for NZDUSD’s bullish trend. 4. Technical Indicators Signaling Upward Momentum On the technical side, NZDUSD is trading above key support levels, with indicators like the 50-day moving average signaling potential for a continued uptrend. Bullish indicators on the RSI and MACD also suggest further upward movement, supporting a slightly bullish outlook for the pair today. --- Technical Analysis Indicators Supporting a Bullish Outlook Moving Averages and RSI NZDUSD remains above its 50-day moving average, a bullish indicator indicating potential for continued upward momentum. The RSI (Relative Strength Index) shows room for additional gains without reaching overbought territory, supporting the potential for upward movement. MACD and Volume Analysis The MACD (Moving Average Convergence Divergence) is showing bullish crossovers, reinforcing expectations for a positive trend in NZDUSD. Volume analysis also indicates steady buying interest, supporting a slightly bullish bias for today. --- Conclusion With New Zealand’s economic strength, a softer USD, and favorable risk sentiment, NZDUSD appears set for a slight bullish bias today. Traders should monitor key technical levels and any shifts in global sentiment to confirm this outlook. --- SEO Tags: - #NZDUSDforecast - #NZDUSDanalysis - #NZDUSDtechnicalanalysis - #ForexTradingNZDUSD - #NewZealandDollarOutlook - #USDWeakness - #NZDUSDtoday - #ForexMarketAnalysis - #NZDUSDprediction
Long
by PERFECT_MFG
Understanding The Effect 'Risk On' Has On NZD/USDIf you look over the main USD pairs (GU/EU/NU/AU/UC) you will notice that the drag on antipodeans and USDCAD is way harsher than it is on the EU/GU. That's because of the effect risk markets have on risk currencies. When there is confidence in markets, AUD, NZD and CAD are more vulnerable to inflows as traders are willing to take on more risk and bet on them. So as we are seeing USD strength now, it is being counteracted by strength in AUD, NZD, and CAD but not EUR and GBP. Knowing this allows you to understand market flow and hold off on entries, giving markets time to move and shape up. Significant support exists to the downside and will likely be taken advantage of by longer term investors. Case presented by obvious layers of key price action.
by WillSebastian
New Zealand dollar higher despite pessimistic RBNZThe New Zealand dollar has moved higher on Tuesday. In the North American session, NZD/USD is trading at 0.5998, up 0.46% on the day. The Reserve Bank of New Zealand released its semi-annual Financial Stability Report and the financial system received a favorable grade. That was it for the good news, as the report pointed to weak economic conditions that were hampering households and businesses. The report noted that rising unemployment was causing “acute” financial difficulties for some households and that businesses had been impacted by weak demand and high cost pressures. This had caused households to reduce spending and businesses to freeze investing. Although inflation and interest rates had fallen, “significant further weakening in the economy remains a risk.” The negative tone of the report could mean that the central bank will remain aggressive in its rate-cutting cycle. The RBNZ slashed rates by 50 basis points in October, lowering the cash rate to 4.75%. The final meeting of the year is on Nov. 27 and another 50-bp is likely, with a supersize 75-bp cut an outside possibility. The RBNZ will be keeping a close eye on Wednesday’s third-quarter employment report. Employment change is expected to decline by 0.4% after a 0.4% gain in the second quarter. As well, the unemployment rate is projected to jump to 5%, from 4.6% in the second quarter. With inflation easing, the RBNZ is keeping a closer eye on the labor market and if the deterioration in employment is worse than expected in Q3, the calls for a 75-bp cut at the next meeting will get louder. NZD/USD has pushed above resistance at 0.5987 and is testing resistance at 0.6002 There is support at 0.5957 and 0.5942
by OANDA
USD Strength Signals Downside for NZD/USDTrump’s re-election has led to renewed confidence in the U.S. dollar, as investors anticipate a continuation of his "America First" policies, which prioritize U.S. economic growth, job creation, and support for domestic industries. These measures are seen as attractive for U.S. investments, pushing demand for the dollar higher. Additionally, Trump’s efforts to promote peace and reduce foreign conflicts—like aiming to ease tensions in the Middle East and discussing peace between Russia and Ukraine—diminish the need for safe-haven assets like gold. With less global uncertainty, investors shift away from gold and into dollar-based assets, further strengthening the USD. Finally, if inflation rises due to increased domestic spending, the Federal Reserve may hike interest rates, making the dollar even more appealing to investors worldwide. These factors collectively support a bullish outlook for the USD while putting pressure on competing currencies like the NZD.
Short
by Charts_M7M