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NZDUSD

#NZD/USD 1DAYNZD/USD 1D – Support Turned Resistance On the daily chart of the NZD/USD pair, a significant **support-turned-resistance** pattern has been identified. This is a bearish continuation signal, suggesting that the price is likely to move lower after retesting a previous support level, which is now acting as resistance. #Pattern Overview: -Support Becomes Resistance (SBR): After a breakdown below a key support level, the price has retraced to retest this level. What was once support has now turned into a resistance zone, confirming the bearish outlook. #Forecast: -Sell Signal: The forecast indicates a sell opportunity as the price is expected to reject the newly formed resistance level and resume its downward trend. This type of setup often leads to further declines in the price. ### Trading Strategy: -Entry Point: Enter a sell position when the price fails to break above the resistance level (previous support) and shows signs of rejection (e.g., bearish candlesticks or other technical confirmations). Targets: The initial target for the downside move would be the next significant support level below the current price. Look for price action lows or Fibonacci extensions for potential target areas. Stop Loss: Place a stop-loss above the resistance level to protect against any potential bullish breakout that might invalidate the bearish setup. This pattern indicates a continuation of the bearish trend in NZD/USD, with selling opportunities emerging as the previous support level now acts as a resistance barrier.
Short
by PIPSFIGHTER
RBNZ implements jumbo cut; Kiwi dollar plummeted Following the Fed's lead, the RBNZ also took a big step. The RBNZ took the jumbo step of cutting its benchmark interest rate by 50bps, bringing it down from 5.25% to 4.75%. RBNZ stated that New Zealand's economy is now in excess capacity, and low import prices fuel deflation. They insisted that the committee unanimously confirmed that domestic economic activity is decelerating, as business investment and consumer spending are weakening, and employment conditions are persistently deteriorating. As hopes for the Fed’s additional rate cut diminish, the US dollar is on the rise, while the Kiwi dollar has dropped briefly to 0.6050, matching its lowest since 18th August. NZDUSD advanced to 0.6095 after breaching the ascending channel’s upper bound. If NZDUSD breaches the resistance at 0.6110, the price could gain upward momentum toward 0.6175. Conversely, if NZDUSD fails to hold above the channel’s upper bound and breaks below the support at 0.6050, the price could fall further to 0.5960.
by inkicho_exness
NZDUSD H4 | Bearish Drop Based on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 0.6107, which is a pullback resistance. Our take profit will be at 0.6038, a pullback support level close to the 127.2% Fibo extension The stop loss will be placed at 0.6176, which is a pullback 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. 62% 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. 59% 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
Bearish drop?NZD/USD is rising towards the resistance level which is a pullback resistance that aligns with the 23.6% Fibonacci retracement and could drop from this level to our take profit. Entry: 0.6127 Why we like it: There is a pullback resistance level that aligns with the 23.6% Fibonacci retracement. Stop loss: 0.6172 Why we like it: There is an overlap resistance level that lines up with the 38.2% Fibonacci retracement. Take profit: 0.6053 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Short
by VantageMarkets
1
The Kiwi has a strong bearish momentum, could it fall further?The price is rising towards the pivot which acts as a pullback resistance and could fall to the the 1st support level which is a pullback support. Pivot: 0.6127 1st Support: 0.6051 1st Resistance: 0.6174 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
3
New Zealand dollar sinks after RBNZ cuts by 50 bpsThe New Zealand dollar is sharply lower on Wednesday. NZD/USD is trading at 0.6079 in the European session, down 0.96% on the day. The Reserve Bank of New Zealand lowered the cash rate by 50 basis points on Wednesday to 4.75%. The RBNZ cut rates by 25-bps in August, the first rate cut in over four years. The jumbo rate cut had been priced in by the markets but the dramatic move has sent the New Zealand dollar sharply lower. The rate statement noted that inflation was within the target range and was “converging on the 2% midpoint”. This is a remarkable turnaround by the central bank, which only a few months ago was warning that inflation was too high and could force the Bank to raise rates. The RBNZ had projected that initial rate cut would not occur before mid-2025 but has moved up the timetable in dramatic fashion. The decision to cut rates by 50 bps is not surprising, given that inflation has been falling and GDP contracted in the second quarter. New Zealand releases the quarterly inflation report next week and if inflation is within expectations, it could set up another rate cut at the November meeting. The RBNZ would like to continue trimming rates but the sharp decline of the New Zealand dollar is a concern. The New Zealand dollar has plunged 4.25% in October and has slipped to a seven-week low. Today’s oversized cut sent the kiwi sharply lower and further cuts will add downward pressure on the currency. NZD/USD has pushed below several support levels and is testing support at 0.6079. Below, there is a monthly support level at 0.5995 There is resistance at 0.6131 and 0.6153
by OANDA
NZDUSD: Broke under both MAs. Strong sell signalNZDUSD is highly bearish on its 1D technical outlook (RSI = 36.216, MACD = -0.001, ADX = 38.839) as it smashed through both the 1D MA50 and the 1D MA200. The long term structure is a Rectangle (R1 and S1 Zone) and the current pattern that is emerging is almost identical with the previous bearish waves towards the S1 Zone. It is possible to see a medium term reboudn back to the 1D MA50 but on the long term we are bearish (TP = 0.58600). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
1
NZD/USD Giving An Amazing Bearish P.A , Short After D Closure ?we have a very good bearish price action but we need a daily closure below our daily support and if we have a closure below we will sell it when the price back to retest the broken support and we will targeting the old buying area and we will buy again from there . This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Short
by FX_Elite_Club
2
Market Analysis: NZD/USD Take Hit, Turn RedMarket Analysis: NZD/USD Take Hit, Turn Red NZD/USD is also moving lower and might struggle to recover above 0.6225. Important Takeaways for NZD/USD Analysis Today - NZD/USD declined steadily from the 0.6380 resistance zone. - There is a key bearish trend line forming with resistance at 0.6145 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 a similar pattern and declined from the 0.6380 zone. The New Zealand Dollar gained bearish momentum and traded below 0.6265 against the US Dollar. The pair settled below the 0.6150 level and the 50-hour simple moving average. Finally, it tested the 0.6075 zone and is currently consolidating losses. Immediate resistance on the upside is near 0.6145. There is also a key bearish trend line forming with resistance at 0.6145 and the 23.6% Fib retracement level of the downward move from the 0.6378 swing high to the 0.6074 low. The next resistance is the 0.6225 level. The 50% Fib retracement level of the downward move from the 0.6378 swing high to the 0.6074 low is also at 0.6225. If there is a move above 0.6225, the pair could rise toward 0.6265. Any more gains might open the doors for a move toward the 0.6380 resistance zone in the coming days. On the downside, immediate support on the NZD/USD chart is near the 0.6075 level. The next major support is near the 0.6040 zone. If there is a downside break below 0.6040, the pair could extend its decline toward the 0.6020 level. The next key support is near 0.6000. 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
1
Breaking: NZD Slips as RBNZ Cuts Rates by 50 bpsAt its October meeting, the Reserve Bank of New Zealand (RBNZ) cut the Official Cash Rate (OCR) by 50 basis points, lowering it from 5.25% to 4.75%, in line with expectations. The NZD/USD pair deepens its decline, falling below the crucial 100 AND 200-day Exponential Moving Average (EMA). A clear break could set the stage for a move toward the psychological 0.6000 level. Looking ahead, traders will focus on the Federal Open Market Committee (FOMC) Minutes, set for release later on Wednesday.
by BlackBull_Markets
NZD/USD - RBNZ poised to cut, but by how much?The New Zealand dollar is down for a sixth straight day and has fallen 3.6% during that time. NZD has stabilized on Tuesday and is trading at 0.6120 in the North American session, down 0.07% on the day. The Reserve Bank of New Zealand meets on Wednesday and is widely expected to a cut rates, but by how much? The markets have priced in an oversize rate cut of 50 basis points, but a modest cut of 25 bps cannot be ruled out. The RBNZ joined the rate-cutting club of major central banks in August after holding rates for over a year. The August cut which brought the cash rate down to 5.25%, marked the first rate cut in over four years. That move surprised the markets as the central bank had projected its first rate cut would not take place until mid-2025. Why would the RBNZ slash by 50 bps? Elevated interest rates have weighed on economic activity and GDP contracted by 0.2% in the second quarter. Inflation eased to 3.3% in the second quarter, closer to the RBNZ’s upper band of the 1-3% target range. The RBNZ’s latest projections have inflation falling to 2.3% in Q3. The inflation report won’t be released until next week and if the RBNZ chops rates by 50 bps and inflation is higher than the RBNZ estimate, it will put the central bank in an awkward position. Another factor which supports a 50-bps cut is that the Federal Reserve lowered rates by 50 bps in September, which allows the RBNZ to do the same without risking a sharp decline in the value of the New Zealand dollar. NZD/USD is testing resistance at 0.6137 and 0.6161 There is support at 0.6100 and 0.6076
by OANDA
Will NZD/USD Extend Losses? Traders Await RBNZ’s Interest RateThe NZD/USD pair continues its downward trend, turning lower for the sixth straight day as traders react to the less-than-optimistic Chinese economic outlook. As China remains New Zealand's largest trading partner, any signs of economic slowdown in China tend to have a significant impact on the New Zealand Dollar (NZD). Focus on RBNZ Interest Rate Decision Looking ahead, the Reserve Bank of New Zealand (RBNZ) is set to announce its interest rate decision following its scheduled policy meeting. If the RBNZ adopts a hawkish stance due to rising inflationary pressures, it is likely to raise the Official Cash Rate (OCR). A rate hike would typically attract more capital inflows, providing support to the NZD. Conversely, if the central bank takes a more dovish approach by lowering the OCR in response to lower inflation, the NZD could weaken further. The RBNZ’s decision will play a crucial role in determining the short-term direction of NZD/USD. Higher rates generally boost a currency, while lower rates tend to weaken it as investors seek higher returns elsewhere. Technical Outlook: Bearish Momentum Remains In our previous forecast, which you can review here: NZD/USD Slips as Fed Powell Hints at Gradual Rate Cuts, we closed a bearish position from a supply area after successfully capturing downside movement. The current price action suggests another potential bearish impulse, particularly around the 0.60500 level. In a worst-case scenario for the NZD, the price could drop further to 0.58750, another key demand area based on historical support. However, we view this deeper decline as less likely at the moment, given that market sentiment may shift based on the RBNZ's upcoming decision. Waiting for a Bullish Setup Currently, we have no open position on NZD/USD, as we wait for the pair to reach a demand area before considering a potential bullish trade. The demand zone around 0.60500 is a critical level to watch for any signs of reversal, but we remain cautious and are monitoring upcoming economic events closely. Conclusion As the NZD/USD pair continues to slide, all eyes are on the RBNZ and its interest rate decision. Traders should remain vigilant, as a hawkish move could trigger a rebound in the New Zealand Dollar, while dovish policies may deepen the pair's decline. For now, we are on the sidelines, awaiting a clearer opportunity to enter the market. ✅ Please share your thoughts about NZD/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
by FOREXN1
1
NZDUSD to continue in the selloff?NZDUSD - 24h expiry There is no clear indication that the downward move is coming to an end. Further downside is expected. Risk/Reward would be poor to call a sell from current levels. A move through 0.6120 will confirm the bearish momentum. The measured move target is 0.6090. We look to Sell at 0.6160 (stop at 0.6184) Our profit targets will be 0.6100 and 0.6090 Resistance: 0.6150 / 0.6160 / 0.6175 Support: 0.6120 / 0.6100 / 0.6090 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.
Short
by OANDA
2
NZD Sinking as RBNZ Preps 50bps Cut The Reserve Bank of New Zealand (RBNZ) is widely expected to slash the Official Cash Rate by 50 basis points this Wednesday, a move that's adding pressure on the New Zealand dollar. A Reuters survey of 28 economists reveals that 60% anticipate the central bank will deliver a half-point cut, while market pricing suggests near-certainty of such a decision. Major banks—ANZ, ASB, BNZ, Kiwibank, and Westpac—are all forecasting a similar outcome. The kiwi has fallen to $0.611, down 3.33% since last Monday, extending its decline into a key technical zone, marked by the 50-, 100-, and 200-day moving averages, as well as the 50% retracement level from the July rally. Meanwhile, escalating tensions in the Middle East are further driving investors into the safe-haven U.S. dollar.
by BlackBull_Markets
NZDUSD → Trade Analysis | SELL SetupYou can expect a reaction in the direction of selling from the specified resistance zone NZDUSD moving higher as it tests the strong resistance level.. We expect a bearish move from the confluence zone. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity NZDUSD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Short
by TheGrove
7
How Much More Longer BearishOn this pair, we find that on the weekly timeframe, the market is Bullish. Price even went all the way up towards our liquidity target but failed to close above it. We are currently witnessing another pullback. On the Daily, price is bullish. We have seen prices currently retrace into the daily zone. But there is a lot of speculation as to whether or not this our refined daily reversal zone has what it takes to invite the bulls of demand to hold prices at that level and drive it back up. Now my Analysis: As much as I would want the daily zone to hold, as this is the fastest way for us to find a LONG trading opportunity, jumping on the rally towards the confluence weekly/daily liquidity targets. But I have a bit of reservation on this. This is because of the force with which prices have come into the daily reversal zone. Prices have come into the zone with a strong push, and not the usual gentle slide in expected of a reversal zone. Dont get me wrong, I am not concluding that the zone will fail, but rather I am saying that instead of the initial 70% chance I had of the zone holding, I now have a 40% chance of it holding because of price action. In the event that the zone holds, we will expect to see the rally resume with prices gravitating towards our liquidity target above; and we will excitedly pull out out panzy pips trading system and jump on the trade. But what happens if the zone fails..? Where this is the case, we will look to see prices deep further towards the Weekly zone below. From where we will look to see some bullish reversal and again place our trade setup right beside price and stand ready to trade. In all of these, we do not and cannot completely rule out the possibility of catching some bearish trades where the daily zone is breached and price dips towards the Weekly zone. Share your thoughts guys and let us see your perspective on the market
Long
by PanzyPips