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U.S. Dollar / New Zealand Dollar

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USDNZD trade ideas

NZDUSD next move, the pair is in corrective phase (06-12-2023)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 90%) GBPUSD Sell/Buy @NA TP@NA SL@NA Best of luck Never risk 2% of principal to follow any position. Support us by liking and sharing the post.
Short
by AnupZiddi
NZDUSD jumps to four-month high despite RBNZ inactionNZDUSD 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 February, close to 0.6275 at the latest. However, an area comprising multiple levels marked since February 09, close to 0.6385–6400, appears a tough nut to crack for the bulls before targeting the yearly peak of around 0.6540. Meanwhile, a convergence of the 200-SMA and a fortnight-old rising support line, close to 0.6100 at the latest, limits the short-term downside of the NZDUSD pair. Following that, October’s peak of 0.6055 and the 0.6000 round figure could test the bears before giving them control. In that case, the monthly low of 0.5854 and the previous monthly bottom, also the yearly low, of nearly 0.5775 will be in the spotlight. Overall, NZDUSD remains bullish but the road towards the north appears long and bumpy.
by MTradingGlobal
NZD/USD continues to maintain the downtrendGreetings everyone! The ascending trend in the 4-hour timeframe was disrupted by a significant breakthrough at 0.593. Consequently, the NZD/USD currency pair remains under selling pressure below the 0.5900 level, having failed to sustain above 0.6000 during early Asian trading on Tuesday. At present, this particular currency pair is being traded around 0.589, reflecting a decline of 0.9% for the day. The increase in value of the US dollar (USD) and higher interest rates offered by the US Treasury have exerted considerable stress on NZDUSD exchange rate.
by Samson-FX
NZD/USD lacks a solid orientation of the day, still under 0.6000The NZD/USD pair lacked any strong direction on Monday and experienced mild fluctuations in the first half of the European trading session. The spot price is currently trading below the psychological level of 0.6000, although it remains within an impressive range, reaching a two-month high on Friday. The increase in US Treasury bond yields, supported by prospects of further tightening policies from the Federal Reserve, serves as a favorable catalyst for the Greenback and limits the upward movement of the NZD/USD pair.
by Samson-FX
NZD/USD is still at a defensive level below 0,5950During the first trading hours in Asia on Thursday, the NZD/USD pair is still struggling to stay below 0.5900. The US dollar (USD) has gained strength, and the higher interest rates of treasury bonds are providing some support for NZD/USD. Currently, this currency pair is trading at around 0.5928, showing a slight increase of 0.09% for the day. Conversely, optimistic data from the United States has had a significant impact on strengthening the greenback and acting as a resistance for the NZD/USD pair. Market participants will closely monitor Federal Reserve Chairman Jerome Powell's speech this week. Officials' less hawkish tone may limit USD's price increase compared to its competitors.
by Samson-FX