USDNZD trade ideas
NZDUSD potential 600 pips in makingPrice of NZDUSD have made a structure that has a high probability to be a triangle just after a leading diagonal. If this view is favored then we should expect price to regain its bullish momentum to make wave C. To take advantage of this possibility a trade should find areas of support to go long. One of the places is as marked on the chart on lower trendline of the triangle.
NZDUSD: Market Sentiment & Price Action
Looking at the chart of NZDUSD right now we are seeing some interesting price action on the lower timeframes. Thus a local move up seems to be quite likely.
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Kiwi H4 | Potential bullish bounceThe Kiwi (NZD/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 0.6032 which is a pullback support.
Stop loss is at 0.5985 which is a level that lies underneath a pullback support and the 38.2% Fibonacci retracement.
Take profit is at 0.6078 which is a pullback resistance that aligns closely with the 78.6% Fibonacci retracement.
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Kiwi climbs on risk-on flow – chart says more to come? The New Zealand dollar strengthened to around 0.6045, its highest level in over a week, supported by improved global risk sentiment following a breakthrough U.S.–Japan trade agreement.
The agreement, which lowers tariffs and boosts bilateral investment, triggered a surge in Japanese markets. Japan’s Nikkei 225 index jumped more than 3%, hitting a one-year high.
The breakout in NZDUSD was accompanied by a series of bullish candles with little to no upper wicks, evidence of minimal rejection from sellers. The most recent candles are consolidating just below the 0.6055 zone, which aligns with minor resistance from July 4.
Rejection from this area—especially if it prints a bearish engulfing or shooting star pattern—could signal a short-term pullback. On the downside, immediate support is now at 0.6000. If broken, the next support potentially lies around 0.5980, which was the last major swing low before the breakout.
NZDUSD Wave Analysis – 23 July 2025
- NZDUSD reversed from support zone
- Likely to rise to resistance level 0.6100
NZDUSD recently reversed up from the support zone located between the key support level 0.5920 (which stopped wave 4in the middle of June), lower daily Bollinger Band and the support trendline of the daily up channel from April.
The upward reversal from this support zone started the active intermediate correction (2).
Given the clear daily uptrend, NZDUSD can be expected to rise to the next resistance level 0.6100, target price for the completion of the active correction (2) (which has been reversing the price from June).
NZDUSD – Critical Price Action Ahead! (July 23 Analysis)NZDUSD – Critical Price Action Ahead! (July 23 Analysis)
As shown in the chart, NZDUSD has broken above a long-term descending trendline, followed by a pullback that successfully retested the trendline as support. This retest was backed by strong demand, preventing further decline.
However, price is now facing another descending trendline resistance, around the 0.61000 zone — a level that aligns with a previous key supply area.
🔍 If this resistance is broken on lower timeframes with a valid bullish confirmation, the next target could be 0.62000.
❗ But if the pair gets rejected at 0.61000, watch for possible support reactions at 0.59800 and 0.58700.
📈 This is a make-or-break zone for NZDUSD — stay sharp and don’t miss the next move!
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Bullish Continuation..?Resistance 1 Can touch 0.60443
Resistance 2 Can touch 0.60819
Resistance 3 Can touch 0.61210
Support 1 Can touch 0.60038
Support 2 Can touch 0.59968
Support 3 Can touch 0.59756
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Market Analysis: NZD/USD Climbs as Dollar WeakensMarket Analysis: NZD/USD Climbs as Dollar Weakens
NZD/USD is also rising and might aim for more gains above 0.6000.
Important Takeaways for NZD/USD Analysis Today
- NZD/USD is consolidating gains above the 0.5980 zone.
- There was a break above a major bearish trend line with resistance at 0.5980 on the hourly chart of NZD/USD.
NZD/USD Technical Analysis
On the hourly chart of NZD/USD at FXOpen, the pair started a steady increase from the 0.5910 zone. The New Zealand Dollar broke the 0.5940 resistance to start the recent increase against the US Dollar.
There was a break above a major bearish trend line with resistance at 0.5980. The pair settled above 0.5980 and the 50-hour simple moving average. It tested the 0.6010 zone and is currently consolidating gains.
The NZD/USD chart suggests that the RSI is stable above 60. On the upside, the pair might struggle near 0.6010. The next major resistance is near the 0.6020 level.
A clear move above the 0.6020 level might even push the pair toward the 0.6050 level. Any more gains might clear the path for a move toward the 0.6120 resistance zone in the coming days.
On the downside, immediate support is near the 0.5990 level. It is close to the 23.6% Fib retracement level of the upward move from the 0.5941 swing low to the 0.6008 high.
The first key support is near the 0.5975 level. It is close to the 50% Fib retracement level. The next major support is near the 0.5940 level. If there is a downside break below the 0.5940 support, the pair might slide toward 0.5910. Any more losses could lead NZD/USD in a bearish zone to 0.5850.
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NZD_USD BULLISH BREAKOUT|LONG|
✅NZD_USD is going up
Now and the pair made a bullish
Breakout of the key horizontal
Level of 0.5980 and the breakout
Is confirmed so we are bullish
Biased and we will be expecting
A further bullish move up
LONG🚀
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
NZDUSD Sell Stop SetupNZDUSD is in a clear downtrend, forming lower highs and lower lows. A sell stop is placed below the recent support to confirm bearish continuation.
Sell Stop: 0.59
Stop Loss (SL): 0.60
Take Profit 1 (TP1): 0.58
Take Profit 2 (TP2): 0.57
Waiting for price activation to validate the setup.
NZD/USD - Market OverviewNZD/USD saw modest gains, but upside momentum remained limited as market sentiment stayed cautious amid renewed tariff threats from Trump ahead of the February 1 deadline.
On Thursday, President Trump stated he would soon decide whether to exempt Canadian and Mexican oil imports from the 25% tariffs set to take effect on Saturday.
He also reiterated that additional tariffs on Chinese goods remain under consideration due to concerns over China's role in the fentanyl trade.
As of (GMT 06:09), the Kiwi dollar was up 0.19%, trading at 0.5646 against the U.S. dollar.
Key technical levels:
Resistance: Immediate resistance is seen at 0.5673 (38.2% Fib); a break above this level could drive the pair towards 0.5720 (50% Fib).
Support: The nearest support is at 0.5630 (38.2% Fib), with a break below exposing downside potential towards 0.5573 (23.6% Fib).
📉 Trade Setup:
🔹 Sell around 0.5660
🔹 Stop-loss: 0.5700
🔹 Target: 0.5550
NZDUSD Is a Short-Term Rebound on the Table?NZD/USD is down nearly 0.4% in Tuesday’s European session, trading near the key support area of 0.5940 — a confluence of the 0.5 Fibonacci retracement and the midline of a descending channel. The pair is pressured by rising expectations that the RBNZ may cut rates in August, while the USD remains volatile amid uncertainty surrounding trade talks between the US and its key partners.
🔍 Technical Overview – Structure & Momentum
✅ Overall Trend: Bearish short-term (descending channel)
✅ Current Structure: Price is testing key technical support at 0.5940
✅ Volume Profile: VPOC and upper supply zones remain key targets on a bounce
NZD/USD continues to respect the bearish channel structure. However, the support zone at 0.5940 (Fibo 0.5 + recent demand) is showing signs of holding. If price sustains above this level, a bullish correction toward the 0.6006 and 0.6040 supply zones is a valid scenario.
🧭 Trade Scenarios
🔸 Bullish Short-Term Scenario (if 0.5940 holds):
Entry: Buy around 0.5940
TP1: 0.60064 (VPOC + supply zone)
TP2: 0.60400 (OBS sell zone)
SL: Below 0.5905 (sell-side liquidity break)
🔹 Bearish Continuation (if support breaks):
A clean break below 0.5905 confirms downside continuation
Look for retest and short entries targeting deeper channel lows (0.586x–0.583x)
⚠️ Macro Risk Drivers
Growing expectations of an RBNZ rate cut in August
Ongoing US trade negotiation uncertainty with key partners
Potential USD volatility around upcoming macroeconomic releases
📌 Key Price Levels to Watch
Technical Support 0.5940 Fibo 0.5 + mid-channel
Sell-Side Liquidity 0.5905 Bearish confirmation if broken
VPOC + Supply Zone 0.60064 First upside target
OBS Sell Zone 0.60400 Final bullish target / resistance
💬 The descending channel remains in control, but 0.5940 could be the key pivot. Wait for confirmation before entering, and watch volume closely.
NZDUSD Will Go Higher From Support! Long!
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 trading around a solid horizontal structure 0.596.
The above observations make me that the market will inevitably achieve 0.602 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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