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U.S. Dollar / New Zealand Dollar

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USDNZD trade ideas

NZDUSD Daily: Is EMA(21) strong enough to block the bulls???The main trend is still downtrend as shown by the lowers lows and lowers highs but we can see a bounce from Support at 0.57966. The EMA(21) is acting as a dynamic resistance but if price managed to close above it should be a sign for a possible trend reversal, otherwise we may see a downward move continuation. The 0.57966 is a critical Support level and keeping an eye on that in case of a break could result in more downward move and more pips. The RSI is just below 50 and a move above this level may sign a bullish momentum increase; on the other hand if drops below 40 it will sign a bearish continuation. So the next moves will depends in how the price will move in relation to the EMA(21). We may don't see a clear picture that today(Friday 29th AEST) but next week we may have a better picture.
Short
by cyberFX2019
NZDUSD Daily Analysis: Slight Bullish Bias Expected Amid Strong NZDUSD Daily Analysis: Slight Bullish Bias Expected Amid Strong NZ Data and Weak U.S. Dollar 29/11/2024 Introduction The NZDUSD pair is expected to maintain a slight bullish bias today as positive economic data from New Zealand and continued weakness in the U.S. dollar provide upward momentum for the kiwi. Factors such as improved global risk sentiment and commodity price support further enhance the outlook for NZDUSD. This article examines the fundamental and technical drivers influencing the pair’s movement. --- Key Drivers Influencing NZDUSD 1. Strong New Zealand Economic Data Recent economic indicators from New Zealand, such as robust business confidence and a recovery in export volumes, are boosting the New Zealand dollar (NZD). These positive fundamentals reflect the resilience of New Zealand’s economy, supporting the kiwi’s strength against the greenback. 2. U.S. Dollar Weakness The U.S. dollar (USD) remains subdued as dovish Federal Reserve expectations weigh on investor sentiment. Recent declines in U.S. consumer sentiment and weak durable goods orders reinforce market expectations of a prolonged rate pause, reducing demand for the USD. 3. Improved Risk Sentiment Global markets are experiencing a rebound in risk appetite, favoring higher-yielding and commodity-linked currencies like the NZD. The easing of geopolitical tensions and stable equity markets are key contributors to the improved sentiment. 4. Rising Commodity Prices As a commodity-driven currency, the NZD is benefiting from rising dairy and agricultural product prices, which are crucial to New Zealand’s export economy. This support further bolsters the kiwi’s bullish outlook. --- Technical Analysis Moving Averages and RSI NZDUSD is trading above its 50-day moving average, signaling continued bullish momentum. The Relative Strength Index (RSI) is approaching overbought levels but remains supportive of further upside. MACD and Key Levels The MACD indicator remains in positive territory, affirming the bullish trend. Key resistance is at 0.6400, with immediate support at 0.6320. A breakout above resistance could see the pair targeting 0.6450 in the near term. --- Conclusion NZDUSD is likely to exhibit a slight bullish bias today, driven by strong New Zealand economic data, a weaker U.S. dollar, and favorable global conditions. Traders should watch for potential breakouts above resistance levels, while also staying alert to any changes in risk sentiment or economic releases. --- SEO Tags: - #NZDUSDforecast - #NZDUSDanalysis - #NZDUSDtechnicalanalysis - #ForexTradingNZDUSD - #NewZealandDollarOutlook - #USDWeakness - #NZDUSDtoday - #ForexMarketAnalysis - #NZDUSDprediction
Long
by PERFECT_MFG
Could the Kiwi reverse from here?The price is rising towards the pivot which acts as an overlap resistance and could drop to the 1st support which has been identified as an overlap support. Pivot: 0.5937 1st Support: 0.5878 1st Resistance: 0.5974 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.
Short
by ICmarkets
NZDUSD - An end to a free fall?? Time for $$ to take break?NZDUSD has plunged to October 2023 lows although overall structure clearly shows this pair is in a range. If you compare the dollar index to the NZDUSD you see an inverse correlation, Dollar reached a significant resistance whereas NZDUSD reached a significant support. But that 's not say price cant pierce through these zones as seen recently on the EURUSD pair on Friday. Price broke through prior support of .5850 and heading towards levels 0.5800 - 0.5780. Could it take a bounce from there? I look for LONG scalp opportunities at these levels (.5800 - 5780) based on any exhaustive candlestick pattern on the LTF (H4). But first I'll look for short entries to these levels for a 20-40pips as no clear signal for LONG presents itself at the moment and then change my bias to LONG aiming for .5850 & .5910 price levels on the bounce. Sentiment data showing buyers/sellers sentiment reaching extremes for a reversal? Till then.
Long
by GhosTrader_GT
NZDUSD (one of my best setups)One of my best setups is NZDUSD for a buy. The market recently broke out of a well defined channel wiith a strong bullish engulfing candle on the daily timeframe, signaling a shift in momentum. currently the price is in consolidation phase , likely accumulating orders and seeking to clear previous liquidity levels above. This behavior suggests the market is gearing up for a continuation of the bullish trend , providing an opportunity to position for futher upside as it aligns with higher timeframe directionsal bias and potential key liquidity zones.
Long
by mwananukachabota
NZDUSD's bounce could have potentialRecent American data generally in line with expectations supported the impression that the Fed will continue to cut gradually, while the RBNZ’s double rather than triple cut on Wednesday also gave some support recently to NZDUSD. The selection of Scott Bessent as incoming American Treasury Secretary has somewhat decreased the likelihood of immediate large tariffs. The 20 SMA is an important dynamic resistance on the chart of NZDUSD and might push the price lower in the next few days, but a close above there could signal an ongoing bounce. There’s no clear signal from volume though so a new sideways trend is also a possibility. 58c on 26 November was the lowest price since around this time last year, so it might be difficult to break below there without a clear fundamental driver, possibly 6 December’s NFP. A move back above 60c seems very unlikely in the next few days unless sentiment shifts notably. This is my personal opinion which does not represent the opinion of Exness. This is not a recommendation to trade.
by Michael_Stark_Exness
NZDUSD (ONE OF MY BEST SETUS)One of my best setups is on NZDUSD for a buy. The market recently broke out of a well defined channel with a strong bullih enguling candle on the daily timeframe, signaling shift in momentum currently , the price is in a consolidatioon phase , likely accumulating orders and seeking to clear previous liquidity levels above . this behavior suggests the market is gearing up for a continuation of the bullish trend , providing an opportunity to position for further upside as it aligns with higher timefrane directional bias and potential key liquidity zones.
Long
by mwananukachabota
long opportunitiesThis is a trade where I’m staying patient, and the COT numbers are particularly interesting. Speculators' behavior has driven prices bearish, and while the sentiment remains predominantly short, we could see a relief rally from those heavy shorts in the coming weeks, or potentially sooner. It will be very telling to see what the COT report shows by Friday. If we observe a significant reduction in shorts, I believe we could see prices push higher next week. I’ll be looking for an entry at a key support zone formed on the daily or weekly chart.
Long
by OssianH
NZDUSD: Initiation of a Correction phase!Welcome back! Let me know your thoughts in the comments! ** NZDUSD Analysis ! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Welcome back! Let me know your thoughts in the comments!
Long
by OGT_Forex
2
NZDUSD A Fall Expected! SELL! My dear friends, My technical analysis for NZDUSD is below: The market is trading on 0.5888 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 0.5850 Recommended Stop Loss - 0.5909 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
NZDUSD Potential Up correction from crossing of supportsNZDUSD recently showed a false breakout below its previous support and has reached a demand zone on the daily timeframe, suggesting a potential pullback. On the 4H chart, bullish divergence at the support level supports the likelihood of a retracement. The price may move higher to retest the resistance zone around 0.5880, which has been tested multiple times. This setup indicates a potential for a short-term recovery
Long
by RTED_Investing
Potential bullish bounce for the Kiwi?The price is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance which has been identified as a pullback resistance. Pivot: 0.5862 1st Support: 0.5816 1st Resistance: 0.5937 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 Daily Analysis: Slight Bullish Bias Expected.NZDUSD Daily Analysis: Slight Bullish Bias Expected Amid Positive New Zealand Data and Weak U.S. Dollar 28/11/2024 Introduction The NZDUSD pair is likely to maintain a slight bullish bias today as strong fundamentals from New Zealand and continued pressure on the U.S. dollar support the New Zealand dollar (NZD). Improved risk sentiment and rising commodity prices further enhance the outlook for the kiwi. This article explores the key drivers influencing NZDUSD today and provides insights for traders. --- Key Drivers Influencing NZDUSD 1. Resilient New Zealand Economic Performance New Zealand’s recent economic indicators, including steady retail sales growth and robust dairy export performance, continue to support the kiwi. The nation’s economic resilience bolsters investor confidence in the NZD against the greenback. 2. U.S. Dollar Weakness The U.S. dollar (USD) remains under pressure as the Federal Reserve’s dovish tone dominates market sentiment. Weak economic data from the U.S., such as declining consumer confidence and softer inflation, reduces demand for the greenback. 3. Rising Commodity Prices As a commodity-linked currency, the NZD benefits from rising global commodity prices. Positive momentum in agricultural and dairy prices strengthens the kiwi, further supporting the pair’s bullish outlook. 4. Improved Global Risk Sentiment Global financial markets are seeing reduced volatility, and risk appetite is improving. This trend favors higher-yielding and risk-sensitive currencies like the NZD, providing additional upward momentum for NZDUSD. --- Technical Analysis Moving Averages and RSI NZDUSD is trading above its 50-day moving average, suggesting continued bullish momentum. The Relative Strength Index (RSI) is in neutral territory but trending upward, indicating room for further gains. MACD and Key Levels The MACD indicator remains positive, reinforcing the bullish outlook. Key resistance is located at 0.6390, with immediate support at 0.6300. A breakout above resistance could push the pair toward 0.6450 in the near term. --- Conclusion NZDUSD is positioned for a slight bullish bias today, supported by strong fundamentals in New Zealand, weakness in the U.S. dollar, and favorable global conditions. Traders should monitor key levels and remain attentive to potential changes in sentiment or economic data releases that could impact the pair’s trajectory. --- SEO Tags: - #NZDUSDforecast - #NZDUSDanalysis - #NZDUSDtechnicalanalysis - #ForexTradingNZDUSD - #NewZealandDollarOutlook - #USDWeakness - #NZDUSDtoday - #ForexMarketAnalysis - #NZDUSDprediction
Short
by PERFECT_MFG
NZDUSD - 4hrs ( Buy Trade Target Range 150 PIP )🟢 Pair Name :NZD/USD Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ 🟢 Key Technical / Direction ( Long ) ——————————— Bullish Reversal 0.58900 Area Reasons - Major Turn level - Visible Range Lvn - Pattern Target - Major Choch zone - Quarter low Bearish Reversal 0.60500 Area Reasons - Major Turn level - Visible range Hvn - Trend Contnuation - Fibo Golden / Choch - P / Quarter low Break
Long
by GoldenEngine
10