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Nzdusddaily

NzdUsd- Will it break resistance?Since the beginning of December, NzdUsd is trading in a range between 0.6750 and 0.6850. Also, if we consider the spike down to 0.67 the head, we can argue an H&S pattern forming on our chart with the neckline at 0.6850 At this moment the pair is trading exactly in this resistance/neckline and, considering that the previous leg up from 0.6750 has impulse we can expect a break. That being said, my preferred strategy is to buy dips and the target for bulls can be 0.7 important figure. This scenario is negated by a dive under 0.6750
Long
by Mihai_Iacob
2
NZDUSD: Bulls IncomingOnce banks clear liquidity from this demand, price should build up enough momentum to tear through the holding supply into the highs. Wait for a clear compression followed by a liquidity grab BOS before joining the buyers. Traders, if you have your own opinion about this idea, write in the comments section, I always reply. 💬 🚨 RISK DISCLAIMER: Trading Crypto, Futures, Forex, CFDs, and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use a tight stop loss. -------------------------------------------------------------------------------------------------------- Please like, subscribe, and share this idea with others ! ⬇️ --------------------------------------------------------------------------------------------------------
Long
by AlkalineFX
22
NZD/USD: Short-Term Plunge Met By Reversal HigherThe NZD/USD recovered from the swift spike downwards which was displayed yesterday, as the U.S. Federal Reserve policy statement caused havoc in Forex. The 0.67000 came within sight briefly, but a strong reversal higher energized in reaction and the NZD/USD is now traversing near the 0.67750 ratio as of this writing. Speculators should expect more volatility, but hopefully steep spikes downward will not be part of the trading landscape now that clarity has been put forth. The NZD/USD certainly continues to trade within the lower realms of its price range, and yesterday’s spike towards the 0.67000 juncture tested marks not seen since early November 2020. While some traders may stick to the notion the NZD/USD has been oversold and will begin to perform a rebound higher may be proven correct over the mid-term, questions persists about the bearish trend which has been displayed since the last week of October 2021. Yesterday’s reversal higher off of lower depths was a healthy reaction, but the question for technical traders now is if momentum can be sustained.Resistance levels will have to be challenged upwards before conservative speculators may feel comfortable to try and join a contrarian trading notion. The mark of 0.67920 appears to be an important ratio near term. The high in this morning’s trading was around 0.67780, but the reversal higher met headwinds. The U.S. Fed's monetary policy statement yesterday now allows speculators to focus on their charts and consider what they have seen transpire with the NZD/USD the past few months. It is possible the NZD/USD had a strong dose of selling action develop because of potential interest rates to come from the U.S. and now that this policy has been ‘confirmed’ and is still anticipated, maybe traders will start to look for the potential of upside momentum to develop. However, support near the 0.67600 level short term should be watched, if it proves vulnerable today another move lower towards the 0.67500 to 0.67400 could be quick hitting targets. Choppy trading in the short term will likely be demonstrated today and tomorrow as financial houses try to decipher equilibrium. Short-term traders should be ready to use entry orders with specific prices to guard against volatility in today’s market. If current support levels sustain, looking for upside action towards the 0.67850 to 0.67930 levels may be a worthwhile wager. NZD/USD Short-Term Outlook Current Resistance: 0.67800 Current Support: 0.67560 High Target: 0.67940 Low Target: 0.67270
Long
by SmoothJB
NZDUSDThe New Zealand dollar has been falling sharply, due to risk-off sentiment hitting hard as concerns rise about the economic impact of the new omicron coronavirus variant. The USD is relatively strong, so this pair is a major focus of the Forex market and has seen lots of action, although the Australian dollar has been falling harder and getting more attention than the New Zealand dollar, with which it is highly correlated. The price of this currency pair ended last week right near its low after falling by more than 0.98%, closing at a 1-year low price with strong bearish momentum. These are all bearish signs and there is a good chance that the price will see another strong fall next week, so there will probably be an opportunity for a short trade here, although AUD/USD may be a better bet so be sure to be diversified between the two antipodean currencies if trading the NZD.
Short
by SmoothJB
NZDUSD 200+ PIPS?!looking for NZDUSD to start buying as the dxy drops. We are about to play into a nice orderblock/poi and i would like to see a reaction from there with bullish price action. There are two potential entries that you could take. I would risk 2% on the first entry and 1% on the 2nd entry DISCLAIMER: I am not a financial advisor and nor is this financial advice. Only risk what you can afford to lose. Trading live carries risk and you may make money or lose some or all of your capital. I am not liable for any gains or losses made
Long
by Turtlesoup_Maestro
NZD/USD | SWING TRADING | BULLISH VIEW....The NZD/USD ended the week higher, with the U.S. dollar under pressure. Markets are watching the Fed's dovish stance, which the Bank showed despite job growth in the U.S. ANZ Bank economists expect the kiwi will not be able to extend gains while the economy is in a stalemate. Welcome back Traders, Investors, and Community! Check the Links on BIO and If you LIKE this analysis, Please support our Idea by hitting the LIKE 👍 button Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. Have a Good Day Trading !
Long
by FOREXN1
2
#NZDUSD SELL OPPORTUNITYIn 4H time frame we have clear bearish move, which followed by bullish corrective move. price retraced to 50% area of Fibonacci ratio in corrective manner, price failing to create HH which base on Dow theory is the first signal for trend weakness. for trading this pair at 6th of October if price manage to come lower than 0.69490 and remain below the EMA 144 in 15 minute time frame could signal for short position first target is 0.69130 and 2nd target would be 0.68950. will update this pair again for u guys.
Short
by mohemati
2
NZDUSD Bearish short Bullish longHello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ The NZD/USD pair closed the first day of the week virtually unchanged and continues to move sideways during the first half of the day on Tuesday. Today the price was able to reach the resistance zone between 0.7132 - 0.7159 but wasn't able to hold above it or breakout which shows how the Bears still have power in them to keep the price sideways move for the time being. Possible Scenarios for the market : Scenario 1 : The price is trending near the resistance zone 0.7132 - 0.7159 if the Bulls were able to gather some force then we will see a breakout happen to that zone which will lead to more buyers going in which will push the price up to the main target at the resistance line at 0.72130. Scenario 2 : Today started Bullish but mid-day it turned Bearish, The bears are trying to drive the price back and if there were able to take control over the market then we will see the price drop to the support line at 0.70870 where the battle for control will start again, and looking at technical analysis shows that the outcome will probably be for the Bulls which will push the price back up to the resistance line at 0.7132 Technical indicators show : 1) The market is above the 5 10 20 50 100 and 200 MA and EMA (Strong Bullish sign) 2) The RSI is at 61.58 showing Great strength in the market. No divergences were found between the indicator and the market. 3) The MACD is above the 0 line which indicates that the market is in a Bullish state, With a positive crossover between the MACD line and the Signal line. Daily Support and Resistance : support Resistance 1) 0.7104 1) 0.7132 2) 0.7087 2) 0.7141 3) 0.7077 3) 0.7159 Weekly Support and Resistance : support Resistance 1) 0.7069 1) 0.7163 2) 0.7025 2) 0.7213 3) 0.6976 3) 0.7256 Fundamental point of view : The dollar was down on Tuesday morning in Asia, as investors await U.S. inflation data that could provide a clue to the U.S. Federal Reserve’s timetable for asset tapering. The U.S. Dollar Index that tracks the greenback against a basket of other currencies inched down 0.06% to 92.597, after retreating from a two-week high of 92.887 hit earlier on Monday. Later in the session, the US Bureau of Labor Statistics will release the Consumer Price Index (CPI) data for August. Previewing the inflation report, "August's Core CPI figure is critical for the and for markets. According to FXstreet This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
Long
by GabiDahduh