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U.S. Dollar / New Zealand Dollar

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USDNZD trade ideas

Kiwi H4 | Potential bullish bounceThe Kiwi (NZD/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 0.6182 which is a pullback support that aligns with the 50.0% Fibonacci retracement level. Stop loss is at 0.6096 which is a level that sits underneath a swing-low support and the 38.2% Fibonacci retracement level. Take profit is at 0.6292 which is a swing-high resistance. 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 (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.
Long
by FXCM
NZD/USD Eyes Reversal After Three-Day Rally,Supply Zone in FocusThe NZD/USD pair continues its upward momentum for the third consecutive day, trading around the 0.6250 mark during the early European hours on Friday. This resilience comes despite concerning economic data from New Zealand, which showed the economy contracted by 0.2% quarter-on-quarter in the second quarter of 2024, bringing the country perilously close to a recession. While this decline was less severe than the anticipated 0.4% contraction, it still underscores the economic challenges the nation is facing. On a year-on-year basis, the economy shrank by 0.5%, in line with market expectations. The weak GDP figures have solidified market expectations of another 25 basis point rate cut by the Reserve Bank of New Zealand (RBNZ) in October, as the central bank attempts to stabilize the slowing economy. However, despite these looming concerns, the NZD/USD pair has managed to maintain its bullish trajectory, likely supported by broad-based U.S. dollar softness and improving risk sentiment in global markets. From a technical perspective, the NZD/USD is currently trading within our identified Supply area. This zone has historically acted as a strong resistance level, and we are closely monitoring the price action for signs of a potential reversal. With the pair approaching key technical levels, a pullback could be imminent if bearish signals start to emerge. The 0.6250 region remains crucial, and a sustained move above this level would challenge our forecast for a reversal, while a rejection here could validate a short position. Traders should also keep an eye on upcoming economic releases and central bank decisions, which could further impact the outlook for the NZD/USD pair in the near term. As the RBNZ rate cut approaches, market volatility may increase, providing more clarity on the direction of the pair. ✅ 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.
Short
by FOREXN1
3
NzdUsd Trade Update/IdeaJust an update on NU. I sent out NU shorts yesterday night seeing price had broken a HL. I was looking for price to crash from there but instead NU decided to get into a range just at resistance. 15m shows the new level of resistance for the range it's currently in. Price on higher time frames is still overall BEARISH so shorting the range was the best option once price had came back down below the 15m resistance range. Looking for a solid 1:3rr. If price can manage to break the support of the range then shorts here are still valid.
Short
by OfficialJ23
Change of character analysisgood morning traders, this is my analysis of NZDUSD that i forgot to share lol, its a Low probability trade with 65% of win, our key level of a downtrend was broken which confirmed a change of character so I anticipated a new move towards the upside and entered with a tight stoploss and waited for 1H to show us a bullish candle confirmation . The trade is still going up to our prediction reason why I decided to share this is to show people the importance of trend following and how import candlestick confirmation really is. never trade if the trend is not clear and never enter if you don't see a candle confirmation
Education
by StarleXtheTrader
2
NZ dollar eyes Fed meet, New Zealand GDPThe New Zealand dollar has posted gains on Wednesday. NZD/USD is trading at 0.6211 at the time of writing, up 0.44% on the day. Federal Reserve meetings are traditionally predictable affairs and don’t move the needle of the financial markets. Fed decision makers signal their intentions ahead of time in order to minimize market volatility. Today’s decision is up in the air and it remains unclear what the Fed is going to deliver – will it be a modest 25-basis point cut or a jumbo 50-bps slash? Market pricing of today’s cut has been swinging wildly, which could result in volatility after the decision. The Fed has maintained a stance of ‘higher for longer’ for over a year and has brought down inflation close to the 2% target. The expectation not long ago was that the Fed would kick off the new rate-tightening cycle with a traditional 25-bps cut. What has complicated matters is the recent deterioration in the US labor market. Job growth has fallen sharply and spooked the markets, with fears that the US economy could fall into a recession. The darkening employment picture has boosted the likelihood of a 50-bps cut, but such a deep cut could send a signal that the economy is in deep trouble and unnerve investors. The markets will be keeping a close eye on the Fed’s ‘dot plot’, which will signal the expected rate path over the next few years as well as updated economic forecasts. The Fed is expected to be aggressive in its rate cuts, now that inflation is largely beaten and the employment picture has deteriorated. Overshadowed by the dramatic Fed meeting, New Zealand will release second-quarter GDP early on Thursday. The markets are bracing for a contraction in growth. In the first quarter, the economy showed slight growth of 0.2% q/q and 0.3% y/y. This is expected to fall to -0.4% q/q and -0.5% y/y. NZD/USD has pushed above resistance at 0.6199. Above, there is resistance at 0.6240 There is support at 0.6153 and 0.6112
by OANDA
NZDUSD - 4hrs ( Buy Trade Target Range 150 PIP ) Pair Name : NZD/USD Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money Key Technical / Direction ( Buy Opportunity ) Break Out Type : Mid Term Swing ——————————— ☑ Bullish Break: 0.62050 💠 Chance of Successful Breakout at This Level: 80% This level has experienced 7 bounces and has respected the breakout each time. 💠 Key Level Mention and Reasoning Our key breakout level is 0.62050. The price has retested this level multiple times, and there has been one fake-out. This shows the level's significance and strength in price action. 💠 Crosses with Trend or Channel? Yes, our breakout level intersects with a pattern breakout in the same area, reinforcing the importance of this level. 💠 Volume at This Level Yes, we have strong volume in this area, which caused the price to move quickly and significantly after the breakout. 💠 Psychological Level Involvement Yes, the breakout area represents a psychological level, as it is a major daily area that many traders focus on. 💠 Market Sentiment: Bullish or Bearish? Our background is bullish. This is indicated by a healthy breakout candle, and the Fib Golden Zone has already been broken with visible range volume support. Target Range for This Trade: 150 Pips
Long
by GoldenEngine
2
NZD/USD Rises Ahead of Fed Decision, Reversal Risk LoomsNZD/USD has appreciated in recent trading sessions, supported by improved global risk sentiment as markets anticipate a potential interest rate cut by the U.S. Federal Reserve on Wednesday. However, while the New Zealand dollar has gained momentum, the outlook for the pair remains uncertain, with critical U.S. economic data expected today that could significantly impact all currency pairs trading against the U.S. dollar. Key Market Drivers: Fed and U.S. Economic News The Federal Funds Rate decision and the accompanying FOMC statement later this week are at the center of market attention. The potential rate cut by the Federal Reserve has already fueled a wave of optimism, boosting the New Zealand dollar. However, traders remain cautious as today’s U.S. economic news, including inflation and employment data, may provide critical insights into the strength of the U.S. economy ahead of the rate decision. Any significant surprises in today's economic reports could shift sentiment across all USD pairs, including NZD/USD, potentially creating increased volatility leading up to Wednesday's announcement. Technical Outlook: Overbought Conditions Raise Reversal Risk From a technical perspective, NZD/USD is currently in overbought territory, raising concerns that a reversal may be on the horizon. The latest Commitment of Traders (COT) report reveals a striking divergence between retail traders and institutional players. Retailers remain highly bullish on the pair, indicating optimism for continued gains. On the other hand, "smart money," represented by institutional traders, has adopted a more bearish stance, signaling caution. Given the pair’s overbought conditions and the growing divergence in trader sentiment, we have placed a pending order in anticipation of a potential reversal. This setup aligns with the COT data, where institutional positioning suggests that a pullback could be imminent. What to Watch: Fed’s Statement and Market Reaction As the week unfolds, the Federal Reserve's policy decision and statement will play a decisive role in the future trajectory of NZD/USD. A rate cut could further fuel the pair’s appreciation, but the market will closely scrutinize the Fed's tone regarding future rate cuts or tightening measures. Should the Fed take a more dovish stance, the U.S. dollar may weaken further, providing additional support for NZD/USD. Conversely, a more cautious or hawkish outlook could spark a shift in sentiment, favoring the U.S. dollar and triggering the expected reversal. Conclusion: Caution Ahead of Volatility While NZD/USD has benefited from recent risk-on sentiment, caution is warranted as the pair enters overbought territory. The ongoing divergence between retail traders and institutional investors, combined with the upcoming U.S. economic news and Fed decision, creates a complex landscape for traders. The potential for heightened volatility is high, making it essential to monitor these developments closely as the week progresses. For now, our technical indicators and market analysis suggest that a reversal may be imminent, and we are positioned accordingly with a pending order in place. However, as always, the Federal Reserve’s policy outcome will likely be the deciding factor in the pair’s near-term direction. ✅ 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.
Short
by FOREXN1
1