NZDUSD trade ideas
NZD/USD Stabilises Ahead of the HolidaysNZD/USD Stabilises Ahead of the Holidays
Forex trading is slowing down as the holidays approach, offering a pause after significant movements driven by various news events, including central bank decisions.
Notably, NZD/USD reached its lowest level since October 2022 at the end of last week.
The decline in NZD/USD has been influenced by two main factors:
1. The dollar gained momentum following the Federal Reserve's decision to lower the interest rate by 0.25% and its forward guidance for 2025.
2. According to Reuters:
→ New Zealand's economy contracted much more sharply than expected in the second and third quarters.
→ Market participants anticipate that the Reserve Bank of New Zealand may lower interest rates by 0.5% in February.
Technical analysis of the NZD/USD 4-hour chart depicts a bearish outlook:
- The 0.58 level, which served as support in November, turned into resistance in December.
- The price is currently hovering near the lower boundary of a descending channel that has been in place since October.
- The RSI indicator signals that the market is approaching oversold conditions.
While bears may attempt to extend the downtrend by pushing the price below last week’s low, this could create a divergence pattern on the RSI indicator, offering hope for a potential bullish reversal.
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SELL Signal – NZD/USD - Targeting 226 PipsEntry: 0.5764
TP: 0.5538
SL: 0.5889
Risk/Reward: 2.32
Reasoning:
Monetary Divergence: The RBNZ has paused rate hikes, weakening NZD appeal, while USD strength is supported by higher U.S. Treasury yields and reduced Fed rate-cut expectations.
Economic Weakness: New Zealand faces slowing growth, a weak housing market, and reduced demand from China.
Bearish Momentum: NZD/USD recently broke two long-term support levels, suggesting further downside toward the 0.5538 demand zone.
Strong USD: Global monetary easing (e.g., Switzerland, Canada, ECB) and policy concerns are bolstering the USD, further pressuring NZD.
nzdusd buy signal. Don't forget about stop-loss.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
NZDUSD Potential UpsidesHey Traders, in today's trading session we are monitoring NZDUSD for a buying opportunity around 0.56300 zone, NZDUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.56300 support and resistance area.
Trade safe, Joe.
NZDUSD Swing Long Yet?A small inflow on risk currencies this morning as we close out 2024 is giving rise to the question of a longer term swing formation and its validity.
Buy nzdusdStrong bullish coming
Daily , weekly oversold already
Just wait to sweep low then enter into buy
NZD/USD LONGLong NZD/USD is supported by technical analysis based on key indicators that suggest a potential reversal or bounce in the price. On the 4-hour chart, the price is showing signs of consolidation after a long downtrend, with a favorable setup for a recovery.
The Alligator moving averages are still bearish, but the price is starting to consolidate near the lower level, suggesting a possible weakening of the bearish pressure.
The indicator below is showing a reversal from the oversold level (-50), with a positive bias, signaling a potential resumption of buying by the market.
Support and Resistance: The support level at 0.5700 has held so far, while the target area is visible near 0.5740-0.5760, indicating a reasonable profit window. The stop loss has been placed below the recent low to manage risk.
These elements suggest that the price may attempt a bounce in the short term. However, it is essential to carefully monitor the confirmation of the trend through a breakout of key levels and increasing volumes.
Great year for the NZD!I expect good NZD growth this year. A return to local tops! I expect a reaction from the 50 EMA, then a consolidation and a strong reaction. The move is Fibonacci programmed!
Horban Brothers.
Buy nzdusdPrice successful break the current support which is now a resistant, let wait for it to reach the immediate resistant and buy
NZD-USD Growth Ahead! Buy!
Hello,Traders!
NZD-USD is falling down
But the pair is locally
Oversold and as we are
About to see a horizontal
Support retest soon
Around 0.5500 level we
Will be expecting a
Swing bullish correction
Buy!
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NZDUSD 15mThis analysis comes from the new indicator I have coded recently. As shown on the chart, I anticipated a reaction at the red box 5m OB, with a target price at the green box 5m OB.
The reason is that, on the 5-minute chart, the supply zone was converted to a demand zone and broke the recent high. Pay attention: confirmation is required before entering the position.
NZDUSD BUYSwait for price to come to the OB. But during periods like this market tend to be slow. Lets see how it goes
NZDUSD BuyA bullish trend combined with a break and retest in confluence with a Fibonacci golden zone area could see a push to the upside
NZDUSD → The price could fall another 2.5%FX:NZDUSD is forming a return to a strong support zone after testing it after a year. Against the backdrop of a rising dollar, the chances of a support breakout are growing.
The downtrend, rising dollar, weak fundamental background for NZD play a key role in forming a bear market. The price is testing the key resistance and trying to enter the selling zone. At the moment the price is restrained by the descending channel support and if the price manages to break this line and consolidate below, strong selling may be formed further, as there are no obstacles below it until 0.562.
Resistance levels: 0.577, 0.5817
Support levels: 0.575, 0.562
I do not exclude the possibility of correction if the buyers hold the support. But there is no chance of a trend change. Another retest of the support may lead to a breakdown and further fall to 0.562
Regards R. Linda!
"NZDUSD: Room for Further Decline?"NZDUSD: Approaching a Critical Support Zone Amid a Strong Bearish Outlook
The NZDUSD pair is gravitating towards a significant support zone that it last tested over a year ago. This return to familiar territory comes under the shadow of a strengthening US dollar, which continues to exert downward pressure on the pair. The growing momentum behind the dollar and New Zealand's lackluster economic fundamentals are intensifying the likelihood of a major support level breakdown, potentially paving the way for deeper declines.
Bearish Momentum in Full Swing
The broader downtrend in NZDUSD remains firmly intact, driven by several key factors:
Rising Dollar Strength: The US dollar has been bolstered by robust macroeconomic data, tighter monetary policy signals, and increased demand as a safe-haven asset in a volatile global environment.
Weak New Zealand Fundamentals: New Zealand’s economic landscape offers little support for its currency, with lower growth forecasts and subdued sentiment adding to the downside pressure.
Technical Weakness: The price action clearly reflects sellers' dominance, with the pair facing persistent resistance while struggling to hold onto key support levels.
Testing Key Zones: Resistance vs. Support
The pair is currently navigating a critical battle between resistance and support levels. A detailed breakdown is as follows:
Resistance Levels: The 0.577 and 0.5817 levels are acting as formidable barriers for any bullish attempts. Each time the price approaches these zones, selling pressure intensifies, capping upward momentum.
Support Levels: On the downside, 0.575 serves as an immediate level of interest, while the next significant floor lies at 0.562. This lower support remains untested in recent months and could act as the next price magnet should the pair breach the current descending channel.
Descending Channel in Focus
The NZDUSD is confined within a well-defined descending channel, which has dictated price movements for several sessions. Currently, the lower boundary of this channel is acting as temporary support, holding the pair above critical levels. However, the technical picture suggests that any decisive break below this channel could trigger a cascade of sell orders, as there is minimal structural support below until 0.562.
Scenario Analysis: What Lies Ahead?
Bearish Breakout:
If the descending channel support fails and the price consolidates below this level, we may see a rapid acceleration of the downtrend. In this scenario, sellers would likely push the price toward the 0.562 mark, with minimal obstacles in their path.
Temporary Correction:
While bearish sentiment dominates, a temporary corrective bounce cannot be ruled out. Should buyers manage to defend the current support zone, the price could revisit the resistance levels at 0.577 and possibly 0.5817. However, such a move would likely be limited to short-term retracements rather than a trend reversal.
Support Retest and Breakdown:
The most probable outcome remains a retest of the support zone. Given the current macroeconomic backdrop and technical setup, any subsequent breakdown of this support could trigger fresh selling, opening the door for a deeper slide to 0.562.
Conclusion: Downtrend Unlikely to Reverse
Despite the possibility of minor corrections, the overall picture for NZDUSD remains overwhelmingly bearish. The combination of a strengthening US dollar, weak fundamentals for the New Zealand dollar, and a bearish technical setup creates a perfect storm for continued downside pressure.
Traders should keep a close eye on the support zone near 0.575 and the descending channel boundary. A decisive break below these levels would confirm the next phase of the downtrend, targeting 0.562 in the near term. On the other hand, a sustained bounce above current levels might offer a brief reprieve, though it is unlikely to signal a reversal of the prevailing bearish trend.
nzdusdnzdusd accelerated its decline by breaking the falling trend channel last week. Now it is forming an inverted flag formation. After the formation is completed, our target will be 0.55130.
NzdUsd will start to move up soon.What I see!
Looking for Impulse Up.
NU will soon begin to reverse. Before entering the trade, we ought to wait for LTF price movement. solely for educational purposes.It's important to have your own rules on RR and adhere to them. This trading idea is intended to assist you and enhance your knowledge. If you have any questions, please ask me in the comments.
Learn & Earn!
Wave Trader Pro
NZD_USD SWING LONG|
✅NZD_USD is set to retest a
Strong support level below at 0.5550
After trading in a local downtrend from some time
Which makes a bullish rebound a likely scenario
With the target being a local resistance above at 0.5729
LONG🚀
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NZDUSD Daily Chart Long AB=CD + BB + Major Trend LineNZDUSD Daily Chart Long AB=CD + BB + Major Trend Line
NZDUSD Shows a Complex Scenario Ahead of FED Interest Rate DecisNZDUSD Shows a Complex Scenario Ahead of FED Interest Rate Decision
Today, NZDUSD presents a very complex scenario with potential moves in both directions ahead of the FED Interest Rate Decision. The FED is expected to cut rates by 25 bps to 4.5%.
However, the main focus will be on Chair Powell's speech.
Technical Analysis:
The price is moving in a clear bearish trend, and during the last week, it began to contract. Currently, it is showing a bearish triangle pattern, but it could also be a reversal pattern. Therefore, we are looking for confirmation.
A move below 0.5752 may push the price down to 0.5700, after which we could see the bullish wave resuming. Given that NZDUSD is in oversold conditions, the downside may be limited.
If the price moves above 0.5785, it may rise to 0.5830, and if it holds, it may further rise to 0.5880.
You may find more details in the chart!
Thank you and Good Luck!
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NZDUSD H1 Short At Market TP +100 pips🔸Hello traders, let's review the H1 chart for NZDUSD today. Price
contained withing sliding bear channel previously rejected multiple
times from overhead resistance.
🔸Currently expecting price to clear S/R and complete the
break of structure pattern near 5820 then dump to 5750 / 5700.
🔸Previously rejected from overhead resistance, sequence of lower
highs in progress and expecting yet another rejection into double top
and also re-action with the bear channel.
🔸Recommended strategy for NZDUSD traders: short at market now, SL 40 pips TP1 +60 pips TP2 +100 pips final exit at 5750. good luck traders!
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