NZDUSD – Critical Price Action Ahead! (July 23 Analysis)NZDUSD – Critical Price Action Ahead! (July 23 Analysis)
As shown in the chart, NZDUSD has broken above a long-term descending trendline, followed by a pullback that successfully retested the trendline as support. This retest was backed by strong demand, preventing further decline.
However, price is now facing another descending trendline resistance, around the 0.61000 zone — a level that aligns with a previous key supply area.
🔍 If this resistance is broken on lower timeframes with a valid bullish confirmation, the next target could be 0.62000.
❗ But if the pair gets rejected at 0.61000, watch for possible support reactions at 0.59800 and 0.58700.
📈 This is a make-or-break zone for NZDUSD — stay sharp and don’t miss the next move!
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NZDUSD trade ideas
Bullish Continuation..?Resistance 1 Can touch 0.60443
Resistance 2 Can touch 0.60819
Resistance 3 Can touch 0.61210
Support 1 Can touch 0.60038
Support 2 Can touch 0.59968
Support 3 Can touch 0.59756
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NZDUSD Short SwingOANDA:NZDUSD Short Swing Trade, with my back testing of this strategy, it hits multiple possible take profits, manage your position accordingly.
This is good trade, don't overload your risk like greedy, be disciplined trader.
I manage trade on daily basis.
this is good trade, lets see, don't be greedy, risk what you can afford.
Use proper risk management
Looks like good trade.
Lets monitor.
Use proper risk management.
Disclaimer: only idea, not advice
Could the Kiwi reverse from here?The price is rising towards the pivot, which acts as an overlap resistance that aligns with the 61.8% Fibonacci retracement and could reverse to the 1st support which is an overlap support.
Pivot: 0.6038
1st Support: 0.5979
1st Resistance: 0.6115
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NZDUSD BUY 0.5990On the 4-hour chart, NZDUSD formed a bullish bat pattern and then stabilized and rebounded, and short-term bulls have the upper hand. Currently, you can pay attention to the support near 0.5990. If it stabilizes, you can consider going long. The upper resistance is 0.6080-0.6120 area.
NZD_USD BULLISH BREAKOUT|LONG|
✅NZD_USD is going up
Now and the pair made a bullish
Breakout of the key horizontal
Level of 0.5980 and the breakout
Is confirmed so we are bullish
Biased and we will be expecting
A further bullish move up
LONG🚀
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
NZD/USD - Market OverviewNZD/USD saw modest gains, but upside momentum remained limited as market sentiment stayed cautious amid renewed tariff threats from Trump ahead of the February 1 deadline.
On Thursday, President Trump stated he would soon decide whether to exempt Canadian and Mexican oil imports from the 25% tariffs set to take effect on Saturday.
He also reiterated that additional tariffs on Chinese goods remain under consideration due to concerns over China's role in the fentanyl trade.
As of (GMT 06:09), the Kiwi dollar was up 0.19%, trading at 0.5646 against the U.S. dollar.
Key technical levels:
Resistance: Immediate resistance is seen at 0.5673 (38.2% Fib); a break above this level could drive the pair towards 0.5720 (50% Fib).
Support: The nearest support is at 0.5630 (38.2% Fib), with a break below exposing downside potential towards 0.5573 (23.6% Fib).
📉 Trade Setup:
🔹 Sell around 0.5660
🔹 Stop-loss: 0.5700
🔹 Target: 0.5550
NZDUSD Is a Short-Term Rebound on the Table?NZD/USD is down nearly 0.4% in Tuesday’s European session, trading near the key support area of 0.5940 — a confluence of the 0.5 Fibonacci retracement and the midline of a descending channel. The pair is pressured by rising expectations that the RBNZ may cut rates in August, while the USD remains volatile amid uncertainty surrounding trade talks between the US and its key partners.
🔍 Technical Overview – Structure & Momentum
✅ Overall Trend: Bearish short-term (descending channel)
✅ Current Structure: Price is testing key technical support at 0.5940
✅ Volume Profile: VPOC and upper supply zones remain key targets on a bounce
NZD/USD continues to respect the bearish channel structure. However, the support zone at 0.5940 (Fibo 0.5 + recent demand) is showing signs of holding. If price sustains above this level, a bullish correction toward the 0.6006 and 0.6040 supply zones is a valid scenario.
🧭 Trade Scenarios
🔸 Bullish Short-Term Scenario (if 0.5940 holds):
Entry: Buy around 0.5940
TP1: 0.60064 (VPOC + supply zone)
TP2: 0.60400 (OBS sell zone)
SL: Below 0.5905 (sell-side liquidity break)
🔹 Bearish Continuation (if support breaks):
A clean break below 0.5905 confirms downside continuation
Look for retest and short entries targeting deeper channel lows (0.586x–0.583x)
⚠️ Macro Risk Drivers
Growing expectations of an RBNZ rate cut in August
Ongoing US trade negotiation uncertainty with key partners
Potential USD volatility around upcoming macroeconomic releases
📌 Key Price Levels to Watch
Technical Support 0.5940 Fibo 0.5 + mid-channel
Sell-Side Liquidity 0.5905 Bearish confirmation if broken
VPOC + Supply Zone 0.60064 First upside target
OBS Sell Zone 0.60400 Final bullish target / resistance
💬 The descending channel remains in control, but 0.5940 could be the key pivot. Wait for confirmation before entering, and watch volume closely.
NZDUSD Bullish Pressure coming innOANDA:NZDUSD have finally closed above 0.59485 which is weekly support and NZDUSD is respecting it nicely, now with bullish pressure came it: it will touch 0.60060 as its the most important level at the moment, if price closed above 0.60060 making it good support then next level is 0.60345 if price kept bullish.
Key levels to look are:
0.60060
0.60345
and finally 0.60633 as weekly high.
0.60633 as Strong Resistance.
This is good trade, don't overload your risk like greedy, be disciplined trader.
I manage trade on daily basis.
Use proper risk management
Looks like good trade.
Lets monitor.
Use proper risk management.
Disclaimer: only idea, not advice
NZD/USD Technical Analysis | Smart Money Perspective🧠 NZD/USD Technical Analysis | Smart Money Perspective
On the current NZD/USD chart, price is trading around 0.5960, positioned between a clearly defined resistance zone (0.6130–0.6150) and a support zone (0.5890–0.5900).
We can observe the following key technical elements:
🔹 1. Liquidity Sweep
Price recently broke below the previous swing low near 0.5900, tapping into a pool of sell-side liquidity. This movement is commonly interpreted as a liquidity grab, where institutions manipulate price to trigger retail stop losses before reversing.
🔹 2. Double Bottom Formation
The chart indicates a potential double bottom forming at the support level — a classic accumulation signal. This pattern suggests buyers may be stepping in after liquidity has been taken out, anticipating a reversal.
🔹 3. Fair Value Gap (FVG)
An FVG (imbalance) is visible in the range of 0.5985 to 0.6015. This inefficiency was created by a sharp bearish move, leaving price action unbalanced. Price is now expected to retrace into this area to rebalance orders — a common smart money behavior.
🔹 4. Market Structure Outlook
If the double bottom confirms with a bullish break of structure above 0.5980, we could expect a continuation toward:
First Target: FVG zone around 0.6015
Second Target: Major resistance near 0.6150, where past distribution occurred.
✅ Conclusion
This setup combines key smart money concepts:
Liquidity grab below support
Accumulation phase at demand
FVG as target
Potential bullish market structure shift
Traders should monitor price action around the support zone for confirmation (e.g., bullish engulfing or break of short-term highs) before entering long positions. Targets remain at the FVG and resistance zones, but risk management is essential in case of a deeper sweep or macroeconomic catalyst.
NZD-USD Will Go Down! Sell!
Hello,Traders!
NZD-USD already made a retest
Of the horizontal resistance
Of 0.5992 from where we
Are seeing a bearish reaction
And we will be expecting a
Further bearish move down
Sell!
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NZD_USD POTENTIAL SHORT|
✅NZD_USD is going up to retest
A horizontal resistance of 0.5990
Which makes me locally bearish biased
And I think that we will see a pullback
And a move down from the level
Towards the target below at 0.5947
SHORT🔥
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
NZDUSD Will Move Lower! Sell!
Here is our detailed technical review for NZDUSD.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 0.594.
The above observations make me that the market will inevitably achieve 0.592 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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