Long NZD/USDKiwi is back at the support zone from which it broke out a while ago, great level to initiate longs as the pair also looks oversold on the hourly charts.
NZDUSD trade ideas
NZDUSD 5RR Trading Setup1) Uptrend
2) Price is above EMA
3) Moving up From their Strong support
4) Fundamentally NZDUSD Is looking LONG
70% Technical 30% Fundamental
NZD USD down side movement possible NZD USD down side movement possible
Sell below the 0.63553
Stoploss 0.64173
Target 0.61186
USD NZD upside move possible USD NZD upside move possible
Buy above the 1.5773
Stop loss 1.5576
Target 1.6166
Target 1.6456
NZDUSD crosses 200-EMA within bearish channel despite RBNZ inactNZDUSD jumps to a three-week high while piercing the 200-EMA even as the Reserve Bank of New Zealand (RBNZ) refrains from lifting interest rates for the first time since October 2021. It’s worth noting, however, that the Kiwi pair remains within a five-month-old bearish channel while approaching the immediate hurdle, namely the previous monthly high of around 0.6250. Should the quote manage to remain firmer past 0.6250, the stated channel’s top line, close to 0.6290, quickly followed by the 0.6300 round figure, will be crucial to watch as a clear break of the same won’t hesitate to challenge the yearly peak marked in February around 0.6540.
On the flip side, a daily closing beneath the 200-EMA, around 0.6220 at the latest, can trigger NZDUSD pullback toward the 38.2% Fibonacci retracement level of October 2022 to February 2023 run-up, near 0.6150. Following that, a six-week-old rising support line surrounding 0.6085 and the 50% Fibonacci retracement level of near 0.6030 can test the Kiwi pair sellers. In a case where the quote remains weak past 0.6030, the 0.6000 psychological magnet precedes the stated channel’s bottom line, near 0.5930, to act as the last defense of the buyers.
Overall, NZDUSD shrugs off RBNZ’s status quo and is on the way to challenging the bearish chart pattern.
NZDUSDFX:NZDUSD
As you can see that, NZDUSD is in a consolidation and it is going to give a bearish breakout, If the breakout is good risky trades can go for sell side and take retest entry if you are a safe trader. Plan your trade accordingly...
NZDUSDDear Friends its Analysis of NZDUSD its based on Elliot Wave, you can use proper Money Management and Risk Reward
Possible Long NZD/USD Kiwi has come to a key pivot level and the oscillators are also oversold. There is a case for some mean reversion in the pair at this level. Stops can be below the support and the long positions probably can be hold over the weekend as well. It will be difficult to take this level out for the bears in first try.
NZDUSD📉Don't panic during market dips. Use the price chart to stay calm and make rational decisions. 🙏💪 #StayPositive #InvestmentMindset #LongTermGains
NZDUSDDaily downtrend reacting from the psych level and fib level with bos in the 4h and showing structure breaks in lower timeframe so will wait and enter in the pul back
NZDUSD short mark down cycle DXY is in 1H mark up phase which means EUR AUD GBP NZD are in mark up phase.
we have completed 3 levels to the upside and XAU is in 4H markup phase which will result in keeping the prices of NZDUSD lower
TP HIT ON NZDUSDThe fact that I can share with you my analysis, almost reaching its final destination, makes me very happy
LONG POSITION ON NZDUSDi am looking long position on NZDUSD at 0.61680
I am using support and resistance as a basis for my trading. NZDUSD seems to be moving upwards based on the chart and trend line,
The information are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations
short sell nzd usdonly for educational purpose
trade at your own risk
I am not a financial advisor .
NZDUSDshort term buy long term sell
wait and react to the markeet price
for educational purpose only
NZDUSD Swing Long1) Weekly Timeframe is bearish
2) Daily Timeframe is retracing back to the structure
3) 4HR has switched from bullish structure from bearish structure
Technical Analysis: NZDUSD slumps on RBNZ, 200-DMA and 0.6130 reNZDUSD fails to justify the RBNZ’s 0.25% rate hike as it drops the most in a week after the Interest Rate Decision. The reason could be linked to the New Zealand central bank’s keeping of top rate level and the Governor’s inability to defend the hawkish move. With this, the Kiwi pair drops towards the 200-DMA support of around 0.6150. However, an upward-sloping support line from early March, close to 0.6130 by the press time, may challenge the pair sellers afterward. In a case where the NZDUSD remains bearish past 0.6130,s the yearly low marked in March around 0.6105 and the 0.6100 may act as the last force to stop the sellers.
On the contrary, a two-week-old descending resistance line near 0.6305 restricts the immediate upside of the NZDUSD pair during any recovery. Following that, the monthly high of around 0.6385 and the 0.6400 round figure may prod the Kiwi pair buyers before directing them to the yearly high of around 0.6540, printed in February.
Overall, NZDUSD is likely to decline further but the room towards the south appears limited.
nzdusd possibilitynzdusd possibility dear trader possibility very fast retracement trade enjoy the trade with sl
