USDNZD trade ideas
NZDUSD bears cheer RBNZ status-quo, FOMC minutes eyedAlthough RBNZ Governor Adrian Orr could pull the NZDUSD prices back from a yearly low, not to forget mentioning the two-month-old support line, the New Zealand central bank’s refrain from a widely anticipated rate hike keeps the kiwi pair sellers hopeful. Also favoring the NZDUSD bears is the sustained downside break of 200-SMA and the previous support line from July 20 amid bearish MACD. That said, the quote currently drops towards the 0.6900 threshold before the recently flashed nine-month low of 0.6867. It should be noted that a downward sloping trend line from June 18, near 0.6860, can challenge the pair’s further downside.
Meanwhile, August 10 lows near 0.6970 guard the quote’s corrective pullback ahead of 200-SMA and support-turned-resistance line, respectively around 0.6990 and 0.7005. During the NZDUSD upside past 0.7005, the previous week’s top close to 0.7060 and a six-week-old downward sloping resistance line close to 0.7080 will be important to watch. It’s worth noting that the FOMC minutes should reject the tapering tantrum, which is less likely, to recall the NZDUSD bulls.
NZDUSD LongNZDUSD Long
Risk/Reward: 1:3
Give a Like and Feel free to share your opinions in the comment!
Happy Trading 😊
ASIANFOREXBased on fib retracement and trendlines it has been falling since years due infaltion usd dollar has become week.
NZDUSD wait for break out then execute, most probably market will goes up.......................................
NZD/USD BUYING OPPORTUNITY WAIT AND WATCH FOR A GOOD ENTRY...
When PRICE ZONE 1 comes near then maybe touch PRICE ZONE 2 too.
ENTRY PRICE:- If there is PRICE CLOSE above ZONE 1 then we will take the entry
NZDUSD - CANDLE CONFIRMING SELLING OPPORTUNITY.Minor retesting is going on which will may be hit the pivot point , selling will be start.
#NU look to short in a pullbackNU looks bearish, with that cable, which I shared in my last idea will also go below our POI, but cable can give opportunity to scalp on the long side as well.
I always try to trade on both the sides, I don't care whether it is a pullback or continuation. Just that pullback is a bit tough., but gives similar R:R.
Here is the cable chart what and how I am planning for next week.
Regards
NZDUSD - SECOND SELL OPPORTUNITY HERE .Rejection from the upper 4hr resistance leading the selling position there and here is the retesting which is confirming the 2nd sell trade opportunity .
Simple Reversal!Message me to learn 1 to 1!
NZDUSD 4H TF
NZDUSD has been in a sideways channel and a breakout isn’t expected yet
It is now back to it’s support and has taken rejection once, it is re testing the resistance, if a reversal is seen a short entry can be taken
The target can be set at the lower support! And booking if a reversal is seen from the support!
RR-3.5
Possible Pips-0.17
NZDUSD confirms rising wedge on strong NZ employment dataWith the firmer Q2 jobs report, the RBNZ is all set to become the first developed nation central bank to announce a rate hike in 2021. The bullish consensus spread like a wildfire among the top-tier banks following the data, fueling the NZDUSD prices beyond a key hurdle from mid-June, which in turn confirmed a bullish formation suggesting a theoretical jump towards revising the May month’s low near 0.7315. During the run-up, tops marked during July and June, respectively near 0.7100 and 0.7240 may offer an intermediate halt.
Alternatively, pullback moves below the resistance-turned-support line, around 0.7025, will be challenged by 200-SMA and a one-week-old rising support line, close to 0.6990–85. Should NZD/USD sellers break the 0.6985 level, the pair’s further weakness towards 0.6920 and July’s bottom surrounding 0.6880 can’t be ruled out. However, the support line of the stated wedge, around 0.6860, will challenge the quote’s declines past 0.6880. Overall, optimism concerning the RBNZ’s rate hike backs the NZDUSD bulls.
💡Don't miss the great SELL opportunity in NZDUSDPlease 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?
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 ❤️
💡Don't miss the great sell opportunity in NZDUSDTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (0.6916).
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 below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 36.
Take Profits:
TP1= @ 0.6887
TP2= @ 0.6873
TP3= @ 0.6845
TP4= @ 0.6695
SL: Break Above R2
❤️ 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 ❤️
NZDUSD 1Hour timeframeHello Guys!
Guys has per my knowledge NZDUSD may move in downward direction. Because it has formed down flag but before entering in trade wait for confirmation 🙃🙃🙃.
