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U.S. Dollar / New Zealand Dollar

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USDNZD trade ideas

NZDUSD INTRADAY Bullish consolidation The NZDUSD currency pair price action sentiment appears bullish, supported by the longer-term prevailing uptrend. The recent intraday price action appears to be a sideways consolidation towards the breakout level, previous resistance, and now a new support zone. The key trading level is at 0.5730 level, the previous consolidation price range and also the support trendline zone. A corrective pullback from the current levels and a bullish bounce back from the 0.5730 level could target the upside resistance at 0.5770 followed by the 0.5800 and 0.5825 levels over the longer timeframe. Alternatively, a confirmed loss of the 0.5730 support and a daily close below that level would negate the bullish outlook opening the way for a further retracement and a retest of 0.5690 support level followed by 0.5635. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
New Zealand dollar steady as retail sales sparkleThe New Zealand dollar is showing little movement on Monday.  NZD/USD is trading at 0.5745 in the European session, up 0.07% on the day. The week started on a high note in New Zealand, as retail sales jumped 0.9% q/q in the fourth quarter of 2024, after a revised flat reading in the third quarter and above the market estimate of 0.6%.  This was the strongest gain in three years.  Most sub-categories posted gains as the improvement was felt across the economy.  Annually, retail sales posted a small gain of 0.2% in the fourth quarter following a 2.2% decline in Q3.  This was the first gain since Q3 of 2022. The strong impressive rebound in retail sales is a sign that lower interest rates are filtering through the economy and boosting weak growth.  The Reserve Bank of New Zealand has been aggressive, chopping rates by 50 basis points in October, November and February.  The cash rate is down to 3.75%, its lowest level since Oct. 2022.  Consumers are showing improved confidence due to lower borrowing costs and are opening up the purse strings. The Reserve Bank of New Zealand plans to continue cutting rates but in a more gradual fashion. Governor Adrian Orr signaled at last week's meeting that he expects to cut rates by 25 basis points in both April and May, provided that economic conditions evolve as projected. In the US, the Services PMI for February surprised on the downside and contracted to 49.7, down from 52.9 in January and below the market estimate of 53.0.  This marked the lowest level since January 2023.  The services sector, which has been the major driver of the US economy, showed strong growth until the end of 2024 and has weakened for two straight months.  The Manufacturing PMI improved to 51.6, up from 51.2 and above the market estimate of 51.5. 0.5731 is a weak support level.  Below, there is support at 0.5688 0.5783 and 0.5826 are the next resistance lines
by OANDA
Market Analysis: NZD/USD Holds Strong—Are More Gains Ahead?Market Analysis: NZD/USD Holds Strong—Are More Gains Ahead? NZD/USD is also rising and could aim for a move above the 0.5800 resistance. Important Takeaways for NZD/USD Analysis Today - NZD/USD is consolidating above the 0.5720 support. - There is a key bullish trend line forming with support at 0.5735 on the hourly chart of NZD/USD at FXOpen. NZD/USD Technical Analysis On the hourly chart of NZD/USD on FXOpen, the pair also followed AUD/USD. The New Zealand Dollar formed a base above the 0.5675 level and started a decent increase against the US Dollar. The pair climbed above the 0.5720 resistance. It tested the 0.5775 resistance before there was a pullback. The recent low was formed at 0.5734 and the pair is again rising above the 50-hour simple moving average. It cleared the 0.5750 resistance and the 50% Fib retracement level of the downward move from the 0.5772 swing high to the 0.5734 low. The NZD/USD chart suggests that the RSI is back above 50 signaling a positive bias. On the upside, the pair is facing resistance near the 76.4% Fib retracement level of the downward move from the 0.5772 swing high to the 0.5734 low at 0.5762. The next major resistance is near the 0.5775 level. A clear move above the 0.5775 level might even push the pair toward the 0.5800 level. Any more gains might clear the path for a move toward the 0.5880 resistance zone in the coming days. On the downside, there is a support forming near the 0.5750 zone. If there is a downside break below the 0.5750 support, the pair might slide toward 0.5735. There is also a key bullish trend line forming with support at 0.5735. Any more losses could lead NZD/USD in a bearish zone to 0.5695. 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
NZD/USD - 1H Analysis & Prediction📈 NZD/USD - 1H Analysis & Prediction 🔹 Key Levels & Market Structure: ✅ 0.57817 - 0.57937 - Major supply zone (resistance). ✅ 0.57323 - Potential demand zone (support). ✅ BOS (Break of Structure) confirms bullish intent but may lead to a retracement. 🚀 Bullish Scenario: 🔹 Price could push towards the 0.57817 - 0.57937 supply zone before a potential drop. 🔹 If price breaks and holds above 0.57937, further upside momentum may continue. 📉 Bearish Scenario: 🔹 Rejection from the supply zone may push price down to 0.57323 demand zone. 🔹 If 0.57323 fails to hold, expect further downside continuation. 💡 Trading Plan: ✅ Look for sell confirmations in the 0.57817 - 0.57937 zone. ✅ Watch for buy opportunities around 0.57323 with strong bullish reactions. ✅ Be cautious of liquidity grabs before making trade decisions. #FXFOREVER #NZDUSD #SmartMoney #PriceAction #ForexTrading #LiquidityHunt
by FXFOREVER_87
Potential bullish rise?The Kiwi (NZD/USD) has bounced off the pivot and could rise to the 1st resistance. Pivot: 0.5686 1st Support: 0.5542 1st Resistance: 0.5827 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
NZDUSD TRADE PLAN🎯 Optimized Trade Plan Entry Zone: Between 0.57351 and 0.57214 (watch for bullish confirmations such as rejection wicks or bullish engulfing candles). Stop Loss (SL): Below 0.57136, ensuring protection against liquidity grabs. Take Profit (TP): At 0.58116, which aligns with a strong supply zone and premium pricing. Risk-Reward Ratio: Targeting a 1:4+ risk-reward ratio, making this a high-probability trade. If price rejects before touching 0.57351, a more aggressive entry can be taken at 0.57415, but this increases risk. Confirmation Checklist Before Entering: ✅ Price reacts to 0.57351 zone with bullish rejection. ✅ Bullish candlestick patterns form (e.g., bullish engulfing, pin bar, or strong wick rejection). ✅ DXY (US Dollar Index) shows signs of weakness, supporting NZD strength. ✅ Volume increases as price enters the demand zone. Alternative Scenario (If Price Breaks Below 0.57136) If 0.57136 is broken and structure shifts bearish, the setup is invalidated. This could indicate a deeper retracement toward 0.57000 or lower before finding buyers. In this case, a wait-and-see approach is better before re-entering. 📌 Final Thoughts Primary Bias: Bullish, expecting a dip to equilibrium (~0.57351) before a strong rally. Alternative Bias: If price breaks 0.57136, re-evaluate for further downside. Trade Management: If price reacts aggressively, scaling into the position could be a good strategy.
Long
by wizzywise1
NZDUSD Trade set upFeel free to adjust the levels and risk management strategies to suit your own trading plan. Entry Levels: • First entry at 0.57 • Second entry at 0.568 • Third entry at 5.562 Profit Targets: • First profit target at 0.58 • Second profit target at 0.588 • Third profit target at 0.595 or above Trade Rationale: This setup is designed to capture a potential move in NZD/USD by entering at multiple levels. The entries allow for a scaling-in approach, while the profit targets provide clear exit points as the market advances. Always ensure that your stop-loss levels are in place to manage risk effectively. Disclaimer: Trading involves significant risk, and you may lose all of your capital. This trade idea is for educational and informational purposes only and should not be taken as financial advice. Always conduct your own research and consider your own financial situation before trading.
Long
by Robert_V12
Nzdusd updateLast week's analysis saw a perfect entry with our trade running right into profits. Looking at weekly time frame we can see price broke support to create equal lows before its retracement back. Inline with our counter trend trade back to resistance. As said in last week's analysis we had a supply zone to watch out for which price has reacted to. We can now watch trend line and support for continuation. In line with the next retracement level after the break of structure. These areas Fibonacci support and trend line are going to be a very important watch this week. As the equal lows have provided a point for a liquidity to be sweep. Also there's also a ascending triangle to watch for a break out.
by samstoobad
NZD/USD Long Trade Setup (Next Week) 📌 Market Overview & Analysis • The NZD/USD pair has recently tested a key support level around 0.5550 and showed signs of bullish rejection, suggesting a potential reversal. • Price is currently trading around 0.5740-0.5750, which aligns with the 0.236 Fibonacci retracement level from the recent downtrend. • A break above this level could confirm a move towards the 0.382 Fibonacci retracement level (~0.5880) as the first target (TP1). • If momentum continues and market conditions support further upside, we will hold for TP2, which will depend on price action and momentum near the 0.618 Fibonacci level (~0.6056). 📊 Trade Plan 📍 Entry: • Long Position: Enter between 0.5730–0.5750, confirming bullish momentum with a break and close above 0.5747 (0.236 Fib level) on the 4H or daily timeframe. 🎯 Target Prices (Take Profit - TP): • TP1: 0.5880 (0.382 Fibonacci retracement level) • TP2: 0.6056 (0.618 Fibonacci retracement level, conditional on momentum) 📉 Stop-Loss (SL): • Below recent low at 0.5600, keeping a risk-reward ratio of at least 1:2. 📈 Trade Management & Exit Strategy: 1. If price reaches TP1 (0.5880): • Secure partial profits. • Move stop-loss to breakeven for remaining position. 2. If bullish momentum continues: • Hold towards TP2 (0.6056). • Monitor price action at resistance levels. 3. If market shows signs of rejection at 0.5880: • Consider exiting the full position. 📌 Market Conditions to Watch: • DXY (US Dollar Index): Weakness in the USD could further support NZD/USD upside. • Fundamental Events: Keep an eye on RBNZ and Fed statements, employment data, and CPI reports. • Momentum Confirmation: Ensure price is holding above 0.5747 before entering. 📝 Summary: • Trade Direction: Long • Entry: 0.5730–0.5750 • SL: Below 0.5600 • TP1: 0.5880 (0.382 Fib) • TP2: 0.6056 (0.618 Fib, if momentum sustains) • Risk-Reward Ratio: 1:2 or better • Key Confirmation: Bullish breakout & momentum
Long
by FX_YDNA