USDNZD trade ideas
Bullish AB=CD Hey traders 👋
This is a textbook Bullish AB=CD structure unfolding on NZDUSD.
The market sold off in clean symmetry from A → B, pulled back into C, and completed the full AB = CD leg at D (0.59590) — precisely at the 100% – 127.2% PRZ.
🧠 Pattern Breakdown:
AB = CD completion at 0.59590
Reversal began from confluence zone with clear reaction
PRZ defined from 0.59788 to 0.59574
Target 1 → 0.60202 – 0.60368
Target 2 → 0.60683 – 0.60849 (extension to full symmetry cycle)
We now monitor for continuation and use structure to manage the trade.
Momentum shifting bullish — trade the setup, not your opinion.
— C. Dela | #TradeChartPatternsLikeThePros.
NZD/USD – Potential Bullish Reversal Setup- Wk9The NZD/USD pair is showing strong signs of a potential reversal. The price has entered the Potential Reversal Zone (PRZ) as indicated by the AB=CD harmonic pattern. A clear bullish divergence has also been spotted on the chart, adding further confirmation to the setup.
To strengthen the bias, a falling wedge—a classic bullish reversal pattern—has formed. With all technical indicators aligning, we anticipate a bullish reversal in the coming sessions.
🔹 Pair: NZD/USD
🔹 Trend: Bearish (but preparing for reversal)
🔹 Pattern: Falling Wedge
🔹 Harmonic Pattern: AB=CD
🔹 Divergence: Bullish
🔹 Entry: Buy Stop at 0.59917
🔹 Stop Loss: 0.59549
🔹 Take Profit 1: 0.60285
🔹 Take Profit 2: 0.60653
🔹 Lot Size: 0.14
🔹 Risk/Reward: 1:1 and 1:2
🔹 Risk: $200
🔹 Potential Reward: $300
📌 #NZDUSD #ForexSignals #HarmonicPatterns #ABCDPattern #BullishDivergence #FallingWedge #TechnicalAnalysis #ForexSetup #ReversalTrade #PriceActionTrading #SmartMoney #1HChart #FXTrading #RiskReward
NZDUSD What Next? BUY!
My dear friends,
My technical analysis for NZDUSD is below:
The market is trading on 0.5974 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.6009
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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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WISH YOU ALL LUCK
NZDUSD - Expecting Bearish Continuation In The Short TermH1 - Clean bearish trend with the price creating series of lower highs, lower lows.
No opposite signs.
Expecting further continuation lower until the two Fibonacci resistance zones hold.
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Bullish bounce off overlap support?The Kiwi (NZD/USD) is reacting off the pivot, which has been identified as an overlap support, and could bounce to the first resistance, which is an overlap resistance.
Pivot: 0.5990
1st Support: 0.5951
1st Resistance: 0.6044
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 may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
NZD/USD Breaks TrendlineNZD/USD has broken below the ascending trendline and is now retesting the 0.60113 – 0.60292 zone, which may act as new resistance.
If the pair fails to reclaim this zone, we could see a continuation lower toward the key supports at 0.59828 and 0.59547.
A confirmed break back above 0.6030 would invalidate the bearish outlook.
🔻 Structure: Break + retest of trendline
🔻 Resistance: 0.60113 – 0.60292
🔻 Support 1: 0.59828
🔻 Support 2: 0.59547
🔻 Timeframe: 1H
🔻 Bias: Bearish unless reclaimed above 0.6030
Technical idea only – not financial advice.
NZDUSD SELL OFF (Counter-Trend Setup)(Daily) - Price hit Key resistance level at (0.60308 - 0.59985) and consolidated at the level attempting to breakout but failing and forming double top in 4H.
(4H) - Price formed double top at the Key resistance level (0.60308 - 0.59985) which is reversal pattern, neckline of the DT at (0.60031).
(4H) - Bearish market structure at the level price forming new lower high and lower low at (0.60578 - 0.60535)
(4H) - Rising trendline connecting low of the price at (0.58522 - 0.59556).
Entry ;
-We have 2 entry models;
1.Aggressive Entry at the Double top after the close of the bearish Engulfing Candle SL above double top at 0.60808
2.Conservative Entry wait for the break of the rising trendline to signal trend change from an uptrend to downtrend then execute.
New Zealand GDP expected to contract, New Zealand dollar recoverThe New Zealand dollar has posted gains on Wednesday. In the North American session, NZD/USD is trading at 0.6042, up 0.45% on the day. The New Zealand dollar sustained sharp losses a day earlier, declining 0.75%.
The New Zealand economy is in recession and the markets are bracing for a contraction in first-quarter GDP of 0.8%. The economy declined in Q4 2024 by 1.1%.
A weak GDP report would put pressure on the Reserve Bank of New Zealand to reduce interest rates at the next meeting on July 9. The Reserve Bank has been aggressive and lowered rates for a sixth straight time in May to 3.25%, for a total of 225 basis points.
Is the resilient US consumer showing cracks?
US retail sales slumped in May, falling 0.9% m/m. This was well below the revised -0.1% reading in April and worse than the market estimate of -0.7%. Annually, retail sales fell to 3.3%, down sharply from a revised 5.0%.
The monthly retail sales is particularly concerning because it marked a second straight decline. The pre-tariff spike in consumer spending has fizzled as the tariffs have taken effect. Consumers are wary that the tariffs will boost inflation and dampen consumer spending power and concerns about hiring have risen, prompting consumers to batten down the hatches in anticipation of tougher times ahead.
If additional key US data heads lower, this will increase pressure on the Federal Reserve to lower interest rates. The markets have priced in a hold at Wednesday's meeting at practically 100%, with little chance of a rate cut before September.
NZD/USD is testing resistance at 0.6035. Above, there is resistance at 0.6060
0.5990 and 0.5965 and providing support
Possible reversal on Nzd/UsdNZD/USD is currently trading around 0.6030, and there are indications of a potential reversal. Let's break down the key points :
- Current Price: NZD/USD is trading at 0.6027, with a 0.2% increase in the last 24 hours.
- Ascending Channel: The pair is testing the lower boundary of an ascending channel near 0.6020, which could signal a bearish bias if broken.
- Relative Strength Index (RSI): The 14-day RSI remains above 50, suggesting a bullish bias is still in play.
- Resistance Levels: Initial resistance is at the nine-day EMA of 0.6028, followed by the eight-month high of 0.6081.
- *Support Levels*: A break below 0.6020 could lead to a decline toward the 50-day EMA at 0.5941.
Maybe bullish:
- Overlap Support: The pivot point at 0.5989 acts as an overlap support, which could lead to a bounce to the 1st resistance at 0.6060.
- Buying Opportunity: Traders are monitoring NZD/USD for a buying opportunity around the 0.60000 zone, citing a testing of the upward trend and liquidity zone.
Keep in mind that technical analysis is only part of investment reference, and market volatility can be unpredictable. It's essential to consider multiple factors, including economic news and geopolitical events, when making trading decisions .
NZDUSD BUY SETUP – GLOBAL HORNS 🇳🇿 NZDUSD BUY SETUP – GLOBAL HORNS
🕐 Timeframe: 1H
📈 Direction: BUY
📍 Entry: 0.6012 (active)
🎯 Target: 0.6033
📊 Context:
Price swept the lows and tapped into a prior structural zone. I’m positioned for a short-term rebound into the 0.6033 area, where liquidity likely sits from previous consolidations.
📌 As always, I manage these trades based on price action and time — not using traditional stops.
#GlobalHorns #NZDUSD #ForexTrade
NZDUSD SHORTMarket structure bearish on HTFs DW
Entry at both Weekly and Daily AOi
Weekly Rejection At AOi
Daily Rejection at AOi
Previous Structure point Daily
Around Psychological Level 0.59500
H4 EMA retest
H4 Candlestick rejection
Rejection from Previous structure
Levels 4.48
Entry 100%
REMEMBER : Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Christ is King.
NZDUSD BUY OPPORTUNITY The Retest to the neckline of 0.58677 is completed! Therefore, I anticipate more bullish price action to continue. This further increases the bullish probability as we’ve transitioned from downtrend to uptrend. A buy opportunity is envisaged upon seeing a correction in intraday timeframe (H4)
Kiwi H1 | Potential bounce off an overlap supportThe Kiwi (NZD/USD) is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 0.6051 which is an overlap support.
Stop loss is at 0.6025 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement.
Take profit is at 0.6077 which is a swing-high resistance.
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Losses can exceed deposits.
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Bullish bounce?The Kiwi (NZD/USD) is falling towards the pivot and could bounce to the 127.2% Fibonacci resistance.
Pivot: 0.6036
1st Support: 0.6002
1st Resistance: 0.6093
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 may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.