Despite the RBNZ-led volatility, NZDUSD defends the early month breakout of the 100-DMA and a downward-sloping trend line from April 05. That said, the 38.2% Fibonacci retracement level of the pair’s April-October downturn, near 0.6090, restricts the Kiwi pair’s immediate declines ahead of the aforementioned resistance-turned-support line, close to 0.6040 at the...
Reserve Bank Of New Zealand Interest rate decision: The Consumer Price Index CPI rose by 7.2% in September 2022, it's fall from August's print but still higher than experts thought which the consensus is 6.5. Economists expect the Reserve Bank of New Zealand to lift the cash rate by a record 75bps while money markets wager a roughly 65% probability for the...
: entry & exit is very important : try to manage money management : know your stop loss : find the chart pattern / analysis the chart before you enter
My View : Bearish Reason: Correction in DXY Unmitigated demand zones Liquidity built up to the downside
NZDUSD Buy trade opportunities NZDUSD it's recently closed above the short-term resistance line its a good opportunity to take a long to the next resistance as we mark in the chart Always Use Stop Loss
NZDUSD Sell trade opportunities it's currently running in the support and resistance area if breaks the support line then the market will go to the next target as we mention in chart
This is for short term And this is risky too. Please DYOR before entering the trade.
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.5575). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . NZDUSD is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic...
Price has brocken and closed below our daily uptrend, expecting price to continue sell side
Although the RBNZ didn’t disappoint, like the RBA, and announced a widely expected 0.50% rate hike, the NZDUSD pair remains mildly bid after refreshing the weekly top. In doing so, the Kiwi pair stays below a one-week-old horizontal hurdle surrounding 0.5750. With this, the odds of the quote’s pullback towards the latest swing low near 0.5680 can’t be ruled out....
#NZDUSD there is some impotent zone for trade next week
NZDUSD dropped to the lowest level since May 2020 before bouncing off 0.5940 on Friday. The recovery, however, remains unattractive as the Kiwi pair stays inside a six-week-old bearish channel. Even so, the oversold RSI conditions may allow short-term buyers to aim for 0.6100-10 resistance confluence, including the 21-DMA and the stated channel’s upper line. It’s...
For Educational Purpose Everything mentioned on Charts
NZDUSD to buy when he breaks out, and if you want you can also sell from retest level.
this is the long analysis breakdown of NZDUSD have a look
Expecting a good reaction from this untested base. Look for longs upon confirmation.
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.6185). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . NZDUSD is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic...
BUY NZDUSD setup based on my knowledge/analysis. I'M NOT RESPONSIBLE FOR ANY FINANCIAL LOSS! THIS SETUP IS SOLELY FOR EDUCATIONAL PURPOSE. All The Best!