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...
Kiwi Cable looks very bullish, the falling resistance structure is broken, and the price reached the important key structure once broken wait for retest and buy to the next resistance, it'll be next target after breakout , I'm bullish with kiwi against Cable.
Remember Dollar is down due to CPI report and the dollar index looks to be correcting from a very long...
The price is consolidating along the channel making support and resistance by touching higher highs and lower lows. It has been rebounced from the resistance towards the support line. Target is 0.55312
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It is the new trend strategy to get buy and sell indicator with 2 technical indicators. Getting 70% accuracy in trend direction. Before following, need to do back testing with 3 months data .
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
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...
Nzdusd buy @ 0.57059
Sl 0.55528
Target one 0.58157
Target two 0.59900
Target three 0.61053
Trade based on breakout and pure price action and trendline breakout first treating as resistance and now treating as support in hours 3 candle
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....
