NZD/USD Trade Ideas
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The USD has been getting stronger against the NZD since March 11. Currently, the lower highs are aligned into what seems to be a possible upper side of the triangle formation which has 0.7160 as its support zone. If that's the case, soon, the support of 0.7160 may be crossed downwards opening the wa...
Disposition The US dollar has exerted much pressure on the NZD lately and made the pair dive to the support of 200-MA above 0.72. However, the pair bounced and currently trades below 0.73 between 100-MA and 50-MA. The positioning of the MAs is a very convenient example of how you can use them for te...
Main / For Traders / Forex Analysis 26.08.202007:46 Control zones for NZDUSD on 08/26/20 Relevance up to 05:00 2020-08-28 UTC+2 The downward movement remains a priority, so today's test of the WCZ 1/2 0.6568-0.6561 provided an opportunity to enter the sale to those who did not do so o...
Relevance up to 05:00 2020-07-31 UTC+2 The probability of a downward corrective movement has increased today. The first target of the fall is WCZ 1/2 0.6625-0.6618. The test of this zone will determine the upward momentum. If the test leads to an increase in demand and forms an absorption pattern....
Relevance up to 07:00 2020-07-25 UTC+2 Today, the pair is trading near the zone of the average weekly move. This indicates the need for partial consolidation of purchases, as the probability of a corrective fall increases. The most favorable prices for purchases are within the WCZ 1/2 0.6611-0.66....
Relevance up to 08:00 2020-07-16 UTC+2 Today's test of the Weekly Control Zone 1/2 0.6523-0.6516 gave an opportunity to enter the purchase, however, it is important to note that the probability of a sharp increase and renewal of the weekly maximum is reduced due to the formation of the "absorptio....
Relevance up to 07:00 2020-07-11 UTC+2 The upward movement continues from July 1. This indicates the strength of the New Zealand dollar. In these conditions, any reduction must be used to find favorable prices for purchasing the instrument. It is not profitable to buy from the current levels sinc....
Relevance up to 04:00 2020-07-05 UTC+2 In the second half of this week, the pair resumed its upward medium-term movement. This makes it possible to hold purchases that were opened earlier. Yesterday there was a test of the weekly control zone of 0.6547-0.6532. The reaction does not look like a re....
Relevance up to 04:00 UTC+2 Today, the pair is trading between two significant zones. The main resistance is the Weekly Control Zone 1/2 0.6478-0.6471. Testing this zone will allow you to get the most favorable prices for selling the instrument. The target zone remains the weekly control zone 0.6....
Relevance up to 06:00 2020-06-28 UTC+2 Work in the downward direction is a priority because the bearish pattern is not completed. The determining resistance is WCZ 1/2 0.6478-0.6471. If the zone is tested, this will make it possible to enter the sale at the best prices. The target weekly shortcut....
Relevance up to 05:00 2020-06-14 UTC+2 Yesterday, an absorption pattern of the daily level was formed. This makes it possible to maintain open sales. Any growth should be considered as an opportunity to sell the pair at more favorable prices. In this regard, the weekly control zone 1/2 0.6473-0.6....
Last week NZD/USD once again met resistance in the 0.6155 area. As you can see from the chart, this area stopped the pair twice before within the recent month. Support is at 0.6080 and 0.6065. The slide below the latter will open the way down to 0.6040. On the contrary, the advance above 0.6115 woul...