The NZDUSD heads into the Wednesday market session struggling near the 0.6130 level as the kiwi (NZD) locks in two consecutive days of declines against the US Dollar (USD).
Market sentiment soured early Tuesday after Moody’s downgraded China’s sovereign debt outlook, with the rating agency citing the Chinese government’s looming expenses should China need to...
Go through the analysis carefully, and do trade accordingly.
-POSSIBILITY-1
AS the price is in correction phase,
if Price stays below 0.62250, then next target 0.60500 and it may goes up to 0.59500
-POSSIBILITY-2
if Price breaks 0.62250, then up trend will be resumed and next target will be 0.63380 and 0.65000
Our trading Preference
Trading tips: (Accuracy...
its measure trend is up
it gives breakout and it has specific behavioural pattern after breakout
which suggest as follows:
it will retrace back to level of 50% and then it may continues its measure trend
so here is the plan
From a technical perspective NZD/USD is been in to a triangle pattern and is at a very important level either it will breach or fall down form this trend line. If it break up it can see 0.65 and 0.69. For the next 3 month forecast.
#Tradethetrend
1. Yesterday , NZDUSD Shot up by 60 pips after FED Waller Said Rate cuts are on Table by 2024
2. In the Morning Asian Session, the RBNZ Showed Hawkish Bias and said that they will rise rates if necessary and predicts that Risks to Inflation is still more to upside . NZDUSD shot up from 0.6140 levels to 0.6210 levels
3. Interestingly , the Inflation data that came...
NZDUSD extends the previous day’s 200-SMA breakout despite the Reserve Bank of New Zealand’s (RBNZ) status quo. In doing so, the Kiwi pair ignores the overbought RSI (14) line and the RBNZ’s hesitance in lifting the rates. However, bullish MACD signals join the key SMA breakout to keep the buyers hopeful of piercing a downward-sloping resistance line from early...
Similar to NZDCAD, NZDUSD has shown signs of breaking out of the downtrend on the H1 frame, refer to the Buy strategy at current price 0.6040, stop loss 0.5990, target 0.6150.
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