NZDUSD fails to justify the RBNZ’s 0.25% rate hike as it drops the most in a week after the Interest Rate Decision. The reason could be linked to the New Zealand central bank’s keeping of top rate level and the Governor’s inability to defend the hawkish move. With this, the Kiwi pair drops towards the 200-DMA support of around 0.6150. However, an upward-sloping...
NZDUSD managed to ignore the US Dollar strength in the last week amid hawkish expectations from the RBNZ. The kiwi pair also bounced off a one-month-old ascending support line, as well as stayed beyond the 200-SMA, to keep the buyers hopeful. However, an expected last rate hike from the New Zealand central bank might pour cold water on the face of the Kiwi pair...
Price happened to break above the 2HR Supply zone, but the NFP news happened to drop the price down and cause a Change of Character. Therefore I saw imbalance and liquidity, In which price may come back to fill in any imbalance before pushing to the downside.
Price is currently in a 2HR Supply zone. No trade for an aggressive entry due to NFP tomorrow. Looking for price to break a structure off the lower timeframes. Price is showing signs of possible divergence. Going to wait for a confirmation before proceeding on taking a trade.
After defying a three-week losing streak, the NZDUSD pair grinds higher as traders brace for Wednesday’s New Zealand quarterly employment numbers. The quote currently pokes the 100-SMA barrier surrounding 0.6190 while also eyeing a one-month-old downward-sloping resistance line, close to 0.6205 by the press time. Given the bullish MACD signals, the Kiwi pair is...
Price approach at area of value and made trend reversal pattern formation of double bottom once trendline break with change of Character we can take long trade entry opportunity based on other confluence
NZDUSD Sell trade opportunities
Overall sell trend and recent breakout support line, Here is a good opportunity to take a short trade with good risk rewards
