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Nzdusdlong

RBNZ Rate DecisionReserve 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 biggest ever rate point hike this month. Guys my take on this rate saga are: I'm bullish with NZDJPY, NZDUSD, NZDCHF, if the bank increase its OCR by 75bps. I'm bearish with NZDJPY, NZDUSD, NZDCHF, if the bank increase its OCR by only 50bps. Because the New Zealand Dollar needs an upward revision to the Bank's rate hike trajectory and Hawkish rhetoric from the governor Adrian Orr to resume it's March towards 0.6250 against US Dollar.
by CELGIB_TRADING
💡Don't miss the great buy opportunity in NZDUSDTrading 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 resistance. . The RSI is at 66. Take Profits: TP1= @ 0.5627 TP2= @ 0.5673 TP3= @ 0.5727 TP4= @ 0.5764 TP5= @ 0.5805 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
💡Don't miss the great buy opportunity in NZDUSDTrading 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 resistance. . The RSI is at 62. Take Profits: TP1= @ 0.6250 TP2= @ 0.6280 TP3= @ 0.6315 TP4= @ 0.6364 TP5= @ 0.6382 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
2
NZDUSD long side analysis by technical and fundamentals.NZD/USD higher after the larger than expected interest rate hike from the RBNZ Reserve Bank of New Zealand raised its cash rate by 0.5% vs. the 0.25% consensus expectation says will remain focused on ensuring that current high consumer price inflation does not become embedded into longer-term inflation expectations. monetary tightening brought forward remained comfortable with the outlook for the OCR as outlined in their February MPS moving the OCR to a more neutral stance sooner will reduce the risks of rising inflation expectations. larger move now also provides more policy flexibility ahead in light of the highly uncertain global economic environment From the minutes to the meeting, these are released at the same time as the decision: committee noted that the OCR is stimulatory at its current level members agreed that this ‘stitch in time’ approach is consistent with near-term financial market pricing members noted that annual consumer price inflation is expected to peak around 7 percent in the first half of 2022 committee agreed that their policy ‘path of least regret’ is to increase the OCR by more now, rather than later members noted that inflation is above target and employment is above its maximum sustainable level the committee confirmed that further increases in the OCR are needed in order to meet their mandate NZD has been marked higher on the announcement:
Long
by satyendrasatya48
NZDUSD ANALYSIS ON H4 CHART.Overall, NZD/USD is ranging across. Recently, NZD/USD rejected the resistance zone of 0.67100 after the hawkish tone delivered by the U.S. FOMC. The New Zealand CPI q/q data (Actual: 1.4%, Forecast: 1.3%, Previous: 2.2%) released earlier today indicated a slowdown in the pace of inflation during the fourth quarter of 2021. NZD/USD’s next support zone is at 0.65400 and the next resistance zone is at 0.67100. Look for short buying opportunities of NZD/USD.
Long
by charliedavies770