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Nzdusdtrade

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
NZDUSD | The best point to buy🎯Hello traders , NZDUSD in daily timeframe ,This analysis is prepared in daily timeframe but has been published for better view in 2 days timeframe. In this currency pair, waves 1, 2 and 3 have been completed and now we are inside wave 4. Wave 4 is very long in terms of time and is in normal condition in terms of Fibo. We think this wave is complex and from this complex wave the y wave is completing. We are inside the wave c of the wave y and from this wave c waves 1, 2, 3 are formed and the last 2 waves, ie wave 4 and wave 5, must be formed. We specified the form of formation of these 2 waves and After the formation of these two waves, the price will rise to the price of 73230. If Fibo 0.618 is broken, this wave will lose some of its credibility. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
Long
by mahdisoltaninjad
6
NZD/USD: Selling Pressure Remains the Story, Lows ChallengedThe NZD/USD fell to a low of nearly 0.67370 in early trading this morning, breaking through important support demonstrated the past few days of trading. This morning’s low also touched long-term values which had not been exhibited since October of 2020. After hitting today’s low, the NZD/USD was able to stage a reversal higher, but the pair remains below resistance levels which could prove to be a significant indicator if the current lower value range continues to be sustained. Since trading at a high of about 0.72180 on the 21st of October the NZD/USD has incrementally lowered. However, the real surge lower which appears to have signaled bearish momentum may take hold in a demonstrative fashion occurred on the 22nd of November, when the NZD/USD broke below the 0.70000 and was not only able to maintain values below this important psychological juncture, but seemingly exhibit price velocity which showed other support levels were vulnerable. On the 1st of December the NZD/USD was near the 0.68650 mark and the Forex pair still has not been able to prove it can sustain a bullish move higher that is durable. The USD has been strong against many major currencies recently as the U.S. Federal Reserve seems to have created the belief it will be more hawkish regarding its monetary policy moving forward. Intriguing technical charts certainly continue to show a lack of ability regarding the NZD/USD to create a reactionary bullish winning streak. Speculators who want to be contrarian and wager on upside momentum developing are certainly fighting the trend. Traders who want to be buyers with short-term positions should not be overly ambitious and perhaps target limited upside cyclical moves. Targeting the 0.67900 to 0.67950 marks may be justifiable, if the trader is using their risk management wisely. Speculators who want to continue to pursue downward trajectory cannot be faulted. While some traders may believe the NZD/USD has been oversold, long-term charts plainly show the pair has the capability to traverse lower values. If support near the 0.67450 to 0.67400 ratios begins to see a test and break below these marks, traders may begin to anticipate stronger moves lower which could ultimately test the 0.67000 juncture. NZD/USD Short-Term Outlook Current Resistance: 0.67970 Current Support: 0.67430 High Target: 0.68260 Low Target: 0.66950
Short
by SmoothJB
1
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
NZD/USD SHORT SELL OPPOTUNITY NOW.. 💹NZD/USD ⏬SELL @ 0.69775 ((SCALPING TRADE)) ✅TP-1# 0.69500 ✅TP-2# 0.69290 ⛔️SL 0.70307 📊 Trade Accuracy 80% 📊 📊Follow Proper M.M & Also Use S.L 📊 AronnoFX will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including data, quotes, charts and buy/sell signals If you like this idea, do not forget to support with a like and follow. Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad.
Short
by AronnoFx
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 4HR CHART POSSIBLE BUY OR SELL WHO KNOWS ???Hi everyone this is my trade set up for the NZD/USD for the new week ahead POSSIBLE 1 SCENARIO i think NZD/USD will possible push up for a buy trade if it rejects the trend line which it has done on a few occasions now and should go up to the area of 0.70780, then will push down later in the week for nice sell trade and will break the trend line to lower levels of 0.69222 and beyond NZD/USD has just completed a 5 leg wave POSSIBLE 2 SCENARIO if it breaks the trend line at the start of the week i can see it pushing to first lower level of 0.69222 This is my analysis only please trade with caution and risk management in place good luck for this weeks trading please like and comment both are welcome
by Costy13
NZDUSD SHORTING OPPORTUNITY - ANALYSIS & TRADE IDEAHello everyone, if you like the idea, do not forget to support with a LIKE and FOLLOW for more creation of free analysis. \m/ On the Monthly, Weekly, and Daily is still bullish, though on the Daily EMA's just cut for short due to the retracement on Weekly, its forming an ICI to the downside. But overall we are still bullish on this pair. 4H is where we take our entry at the 0.50 of the fibonacci retracement that is also lining up with structure, take profit is at the impulse and stop loss is above the last high. Trade Signal SELL Entry: 0.70866 Take Profit: 0.69479 Stop Loss: 0.71286 Good luck! Trade wisely, please do proper money management. ~FX_SHIFTER
Short
by fx_shifter