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U.S. Dollar / New Zealand Dollar

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USDNZD trade ideas

NZDUSD → Resistance Retest. Fed meeting ahead... FX:NZDUSD is set to go higher. The price is breaking the local resistance within the uptrend. There is an important event ahead, which can affect the price quite strongly... On D1 the market is hinting at bullish prospects, a retest of the global resistance is forming, which divides the market into 2 parts... Traders are waiting for the FOMC and FED meeting at 18:00, where officials will decide on the interest rate cut. The main question is 0.5% or 0.25%. The first will be a strong bullish signal for the currencies, the dollar will accelerate its downward movement on this background. The second value may slightly disappoint traders and the market reaction will be ambiguous. In any case, the general course of rate cuts sets the main tone in the market, it remains to wait only for specific numbers. Support levels: 0.61528, 0.61244 Resistance levels: 0.62095, 0.62544 Technically, the bullish trend continues, as hinted by the local situation on the chart. Traders believe in the favorable background. I believe that the Fed's decision will strengthen the general market trends and in this case the currency pair will head towards the upper boundary of the channel.... Rate, share your opinion and questions, let's discuss what's going on with ★ FX:NZDUSD ;) Regards R. Linda!
Long
by RLinda
4
NZDUSD - Long Trade Idea (ICT)Price is close to some juicy equal highs, so I will be anticipating a retracement into a POI to catch a trade on a lower timeframe to that area as my low hanging fruit objective. I see price either coming into a 2W Bullish Breaker (Coupled with a NWOG), or a 2D Bullish Orderblock. The annotated stoploss is for illustration purposes only. Price can very well wick down there, albeit a more extreme scenario. If price closes below that 2D Bullish OB, then this long idea would be no longer valid until the equal lows are taken out. - R2F
Long
by Road_2_Funded
Bears takeOverGood day traders, i hope you have all been well, lets get into it. As you can see on the chart above we have been following NZDUSD for the past months and we saw that price formed a Double Bottom on the H4 timeframe. Price then rejected our Double Bottom Neckline and was very bullish for days heading the resistance we have reached right now and i believe price will be bearing from anywhere around the current resistance. Find entries that accommodate your trading accounts. All the Best.
Short
by madanhileeroy
NZD/USD may fall 35 - 52 pipsOur pivot point is at 0.6330. Our preference The downside prevails as long as 0.6330 is resistance. Alternative scenario Above 0.6330, look for 0.6358 and 0.6375. Comment The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.6317 and 0.6308). Supports and resistances 0.6375 ** 0.6358 * 0.6330 ** 0.6318 0.6300 last 0.6265 0.6248 ** 0.6231 * 0.6214 ** Number of asterisks represents the strength of support and resistance levels.
Short
by Daniel_Thompson
NZDUSD focuses on upward trend lineOn the 4-hour chart, NZDUSD is currently running above the upward trend line, and bulls have the upper hand. At present, we can pay attention to the retracement of the upward trend line. If the retracement position stabilizes, it will be expected to continue to rise, and the upward target will be the resistance near 0.640. If the price falls below the trend line support, it will start to go down, and the downward target will be the support near 0.620.
by XTrendSpeed
Bearish drop?The Kiwi (NZD/USD) is rising towards the pivot and could reverse to the 1st support level which is an overlap support. Pivot: 0.6354 1st Support: 0.6255 1st Resistance: 0.6411 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
1
Potential bullish bounce?NZD/USD is falling towards the support level which is an overlap support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit. Entry: 0.6235 Why we like it: There is an overlap support level that aligns with the 50% Fibonacci retracement. Stop loss: 0.6183 Why we like it: There is a pullback support level. Take profit: 0.6298 Why we like it: There is a pullback resistance level that aligns with the 50% Fibonacci retracement. 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.
Long
by VantageMarkets
Kiwibank Lowers Kiwi ForecastThe New Zealand dollar (NZD/USD) has slipped below its 25-day exponential moving average (EMA) and could potentially test the 50-day EMA next. But, can sellers maintain the momentum and push further into bearish territory? Kiwibank is betting on more downside due to faster and deeper rate cuts from the Reserve Bank of New Zealand (RBNZ). However, their initial bearish outlook has softened somewhat. "In our previous FX Tactical, we anticipated the Kiwi heading towards the 0.5700 mark. But given its reluctance to trade down to that level, we've adjusted our expectations. While we still believe the Kiwi should be lower, it's clear the 0.5700 target is less likely. At this point, 0.5900 seems a more reasonable level," the bank stated. Further complicating the outlook is China’s influence. Like the Australian dollar, the Kiwi can find support from economic developments in China. Talks of a potential stimulus package from Beijing had initially buoyed market sentiment, but UBS remains unimpressed. The investment bank noted that the scale of China's recent measures falls short of previous stimulus efforts, which historically triggered strong market rallies. Economists cited by The Wall Street Journal share this view, pointing out that borrowing costs are already low, yet demand for credit remains sluggish. Consumer confidence, dragged down by concerns over jobs and the ongoing property market meltdown, remains near historic lows.
by BlackBull_Markets
NZDUSD catching a falling knife at market price?NZDUSD - 24h expiry The trend of higher lows is located at 0.6120. A lower correction is expected. We expect a reversal in this move. Risk/Reward would be poor to call a buy from current levels. A move through 0.6300 will confirm the bullish momentum. We look to Buy at 0.6260 (stop at 0.6220) Our profit targets will be 0.6340 and 0.6350 Resistance: 0.6300 / 0.6325 / 0.6350 Support: 0.6275 / 0.6260 / 0.6250 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. Update idea
Long
by OANDA
Analysis of NZD/USD: Exchange Rate Hits Yearly High TodayAnalysis of NZD/USD: Exchange Rate Hits Yearly High Today According to the NZD/USD chart, the exchange rate has reached 0.635 New Zealand dollars per US dollar today, its highest level since December 2023. As reported by Trading Economics: → On one hand, the "kiwi" strengthened due to China's announcement of an economic stimulus package, as China is New Zealand's largest trading partner. → On the other hand, weaker-than-expected US consumer confidence data (CB Consumer Confidence) released yesterday also supported the pair: actual = 98.7, forecast = 103.9, previous = 105.6. Today's technical analysis of the NZD/USD chart shows that since late July, the price has formed an upward channel (marked in blue), with the following developments: → Bulls managed to break the 0.630 level; → The 0.626 level shifted from resistance to support (indicated by an arrow); → Since mid-September, the price rise has been most clearly reflected by a steeper upward channel (shown by purple lines); → The RSI indicator on the 4-hour timeframe entered the overbought zone and has turned downwards. It's worth noting that today’s NZD/USD chart indicates the median line is showing signs of resistance, as seen earlier in September. Given this, the market appears vulnerable to a pullback, and we may witness a retest of the 0.630 level, reinforced by support from the purple lines. 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