Lingrid | NZDUSD potenatil Bullish RALLY Following FAKE BreakoutThe price perfectly fulfilled my last idea . It reached the target zone. FX:NZDUSD recently formed a false breakout of the previous weekly level and the psychological level at 0.56000. On the daily timeframe, the market has approached a demand area from which it previously surged, suggesting that we could see a pullback from this level again. We already can see a market shift in the form of higher highs and higher lows. Since we have high-impact news today, there may be selling pressure, potentially driving the price toward the psychological level below. I expect that the price to retest the area below the upward trendline. My goal is resistance zone around 0.57210
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
USDNZD trade ideas
Likely NZD/USD "Kiwi" sell set up according to the tape reading!1).Appears maxed on wave 5 and lined up for a price correction south...ABC. 2).Japanese Candlesticks are Bearish. 3). Price Momentum and Volume is dropping. 4). Banks & Hedges appear to be selling the pair. 5).The chart exhibits bearish trend lines. 6). The chart liquidity seams to be in the works of an M pattern. 7). The overall economic fundamentals have been risk-off for assets!
NZD/USD’s Expanding Triangle Upside: Targeting 0.5728 & 0.5767
NZD/USD appears to be rebounding from the lower boundary of an expanding triangle, indicating a potential bullish continuation. A sustained push above the 0.5650 “reverse level” could drive the pair toward Expect Level 1 (0.5728) and, if momentum persists, Expect Level 2 (0.5767). As long as price holds above the failed-support zone and maintains its upward structure, buyers are likely to keep control, aiming for these key Fibonacci-based targets.
Back to 0.50?The next important NZD/USD data to watch will be published tomorrow when the US publishes its initial jobless claims. Is expected to show that a forecast from 242 k to 222k, which can be positive for the dollar index.
The Fed will, therefore, maintain its hawkish view if these numbers are correct since they will signal that prices remain significantly high.
There are other inflationary risks ahead. Donald Trump has pledged to impose new and bigger tariffs from top countries. On top of this, he is deporting millions of undocumented migrants, many who work in industries like construction and agriculture.
All these factors explain why US bond yields have rocketed to the highest level in two years, with the 30-year moving to 5%.
On the other hand, the RBNZ has continued to cut interest rates, and analysts expect the trend to continue in the coming months. It slashed them from last year’s high of 5.50% to the current 4.25%. As such, the local currency has fallen as the divergence between the Fed and the RBNZ continues.
Technically, we broke a converging triangle last December, with can lead us to further decline, possibly to the monthly bullish order block at 0.49690. This will complete wave y of superior Y.
Heading into overlap resistance?The Kiwi (NZD/USD) is rising towards the pivot which has been identified as an overlap resistance and could reverse to the 1st support.
Pivot: 0.5693
1st Support: 0.5633
1st Resistance: 0.5732
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NZDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.56400 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.56400 support and resistance area.
Trade safe, Joe.
NZDUSD Analysis Today: Technical and Order Flow !In this video I will be sharing my NZDUSD analysis today, by providing my complete technical and order flow analysis, so you can watch it to possibly improve your forex trading skillset. The video is structured in 3 parts, first I will be performing my complete technical analysis, then I will be moving to the COT data analysis, so how the big payers in market are moving their orders, and to do this I will be using my customized proprietary software and then I will be putting together these two different types of analysis.
NZDUSD: Bullish Continuation & Long Trade
NZDUSD
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long NZDUSD
Entry Point - 0.5639
Stop Loss - 0.5608
Take Profit - 0.5693
Our Risk - 1%
Start protection of your profits from lower levels
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NZD/USD - Sell Limit @0.56743Looking to sell at this 6H order block and strong daily supply zone. I would like to see price rise up slowly filling the previous sell side imbalance before tapping this OB and heading back down taking out sell side Liquidity.
This trade will be a limit order with stop loss sitting just above the high of the supply zone and TP sitting at sell side liquidity.
Good luck to all the traders that decide to follow