The NZD/USD pair shows signs of potential bearish continuation after a recent pullback from the 0.61179 level. This zone acted as a resistance point where buyers temporarily pushed the price upward but failed to maintain the momentum. The price is now stalling just below 0.61094, indicating that bearish pressure is starting to outweigh buying interest. If this...
NZD/USD is rising towards the resistance level which is a pullback resistance that aligns with the 23.6% Fibonacci retracement and could drop from this level to our take profit. Entry: 0.6127 Why we like it: There is a pullback resistance level that aligns with the 23.6% Fibonacci retracement. Stop loss: 0.6172 Why we like it: There is a pullback resistance...
Following the Fed's lead, the RBNZ also took a big step. The RBNZ took the jumbo step of cutting its benchmark interest rate by 50bps, bringing it down from 5.25% to 4.75%. RBNZ stated that New Zealand's economy is now in excess capacity, and low import prices fuel deflation. They insisted that the committee unanimously confirmed that domestic economic activity...
NZD/USD is rising towards the resistance level which is a pullback resistance that aligns with the 23.6% Fibonacci retracement and could drop from this level to our take profit. Entry: 0.6127 Why we like it: There is a pullback resistance level that aligns with the 23.6% Fibonacci retracement. Stop loss: 0.6172 Why we like it: There is an overlap resistance...
NZD/CAD is rising towards the resistance level which is an overlap resistance that is slightly above the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.84210 Why we like it: There is an overlap resistance level that is slightly above the 38.2% Fibonacci retracement. Stop loss: 0.84707 Why we like it: There is a...
The price is rising towards the pivot which acts as a pullback resistance and could fall to the the 1st support level which is a pullback support. Pivot: 0.6127 1st Support: 0.6051 1st Resistance: 0.6174 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex...
AUD/NZD is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which acts as a pullback resistance. Pivot: 1.10464 1st Support: 1.09890 1st Resistance: 1.11379 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to...
NZD/CHF is rising towards the pivot which is an overlap resistance and could drop to the 1st support which acts as a pullback support. Pivot: 0.52213 1st Support: 0.51741 1st Resistance: 0.52620 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs...
NZDUSD is highly bearish on its 1D technical outlook (RSI = 36.216, MACD = -0.001, ADX = 38.839) as it smashed through both the 1D MA50 and the 1D MA200. The long term structure is a Rectangle (R1 and S1 Zone) and the current pattern that is emerging is almost identical with the previous bearish waves towards the S1 Zone. It is possible to see a medium term...
At its October meeting, the Reserve Bank of New Zealand (RBNZ) cut the Official Cash Rate (OCR) by 50 basis points, lowering it from 5.25% to 4.75%, in line with expectations. The NZD/USD pair deepens its decline, falling below the crucial 100 AND 200-day Exponential Moving Average (EMA). A clear break could set the stage for a move toward the psychological...
NZD/CAD is reacting off the pivot which has ben identified as a pullback support and could rise to the 1st resistance which acts as a pullback resistance. Pivot: 0.83331 1st Support: 0.82507 1st Resistance: 0.84292 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose....
NZDUSD - 24h expiry There is no clear indication that the downward move is coming to an end. Further downside is expected. Risk/Reward would be poor to call a sell from current levels. A move through 0.6120 will confirm the bearish momentum. The measured move target is 0.6090. We look to Sell at 0.6160 (stop at 0.6184) Our profit targets will be 0.6100 and...
The Reserve Bank of New Zealand (RBNZ) is widely expected to slash the Official Cash Rate by 50 basis points this Wednesday, a move that's adding pressure on the New Zealand dollar. A Reuters survey of 28 economists reveals that 60% anticipate the central bank will deliver a half-point cut, while market pricing suggests near-certainty of such a decision. Major...
NZD/USD is reacting off the support level which is an overlap support and could rise from this level top our take profit. Entry: 0.6156 Why we like it: There is an overlap support level. Stop loss: 0.6122 Why we like it: There is a pullback support level. Take profit: 0.6207 Why we like it: There is a pullback resistance that is slightly above the 23.6%...
EUR/NZD is reacting off the resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.78263 Why we like it: There is a pullback resistance level that aligns with the 61.8% Fibonacci retracement. Stop loss: 1.79446 Why we like it: There is an overlap resistance...
NZD/CAD is rising towards the resistance level which is an overlap resistance and could reverse from this level to our take profit. Entry: 0.84210 Why we like it: There is an overlap resistance level. Stop loss: 0.84707 Why we like it: There is a pullback resistance level which aligns with the 50% Fibonacci retracement. Take profit: 0.83229 Why we like...
NZD/USD is reacting off the support level which is a pullback support that aligns with the 61.8% Fibonacci retracement and the 138.2% Fibonacci extension and could rise from this level to our take profit. Entry: 0.6209 Why we like it: There is a pullback support level that lines up with the 61.8% Fibonacci retracement and the 138.2% Fibonacci extension. Stop...