NZDUSD most probably makes a double bottom in daily and 4H chart.
price has a good support level in both daily and 4H chart.
Use proper risk management.
Thank you
NZDUSD bounces off a five-week low as it extends the corrective pullback from a weekly falling channel’s support line. In doing so, the Kiwi pair also traces the oversold RSI while approaching the 61.8% Fibonacci retracement level of July-August moves, around 0.6215. The quote’s further upside, however, remains doubtful as the 200-SMA and upper line of the stated...
Although 20-DMA triggered the NZDUSD pair’s latest rebound, the first weekly loss in three joined RSI retreat to keep bears hopeful. The downside momentum, however, needs validation from the three-month-old horizontal support area around 0. 6210-0.6195, other than the 20-DMA level of 0.6225, to push back the buyers. Following that, the previous monthly low, also...
NZDUSD justifies downbeat Q2 New Zealand job numbers while refreshing weekly low, following downside break of a three-week-old bullish channel. However, the 200-SMA restricts further declines of the Kiwi pair, which in turn joins firmer China PMI to trigger the latest rebound. However, support line of the aforementioned channel, near 0.6255, guards immediate...
NZDUSD ended the third loss-making week on a positive side, by marking the biggest daily gains in three weeks. The Kiwi pair, however, couldn’t cross a one-month-old resistance line, which in turn joins steady RSI to keep sellers hopeful. Even if the quote rises past 0.6170 hurdle, a horizontal area from mid-June around 0.6200, comprising the 100-SMA, appears a...
Trading Ideas-
Short positions below 0.6281 with targets at 0.5876 & 0.5760
Alternative scenario
If price sustain above 0.6281 look for 0.6467 & 0.6581 as targets.
Supports and resistances
0.5876 & 0.5760
0.6467 & 0.6581
Having reversed from a two-month-old support-turned-resistance, NZDUSD stays inside a monthly falling wedge bullish chart pattern ahead of the Reserve Bank of New Zealand’s (RBNZ) third consecutive rate hike. RSI conditions and a falling wedge at multi-month low tease sellers ahead of the key event for the Kiwi pair. However, the 61.8% Fibonacci Expansion (FE) of...
Market now forming an symmetrical triangle pattern structure formed, wait for the good entry at the trend line support or resistance level breakout after entering the trade
Trading Ideas-
Short positions below 0.6384 with targets at 0.5933 & 0.5819
Alternative scenario
If price sustain above 0.6384 look for 0.6569 & 0.6684 as targets.
Supports and resistances
0.5933 & 0.5819
0.6569 & 0.6684
Trading Ideas-
Short positions below 0.6545 with targets at 0.6051 & 0.5914
Alternative scenario
If price sustain above 0.6545 look for 0.6771 & 0.6908 as targets.
Supports and resistances
0.6051 & 0.5914
0.6771 & 0.6908
NZDUSD Buy trade opportunities
It has recently broken the Resistance trendline and closed above its a good opportunity for a long with very good risk-reward target point also mention in the chart
‘Always trade with Stop Loss
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (0.6465).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDUSD is in a downtrend, and the continuation of the downtrend is expected.
. The price is above the 21-Day WEMA, which acts...
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (0.6514).
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 a downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
Trading Ideas-
Short positions below 0.6492 with targets at 0.5960 & 0.5815
Alternative scenario
If price sustain above 0.6492 look for 0.6736 & 0.6884 as targets.
Supports and resistances
0.5960 & 0.5815
0.6736 & 0.6884
