NZDUSD Currency pair flag

Latest NZD USD Analysis and Forecast

Hesitant bounce and setback, risk stays lower

Day trade update and view

A cautious Thursday bounce and a setback (as also seen Wednesday), and whilst below .6811 we hold onto negative pressure from Tuesday's  sell off through key .6770 support (that shifted the intermediate-term outlook back to bearish), keeping risks lower for Friday.

Day trade setup

  • We see a downside bias for .6747 and .6733/30; a break here maybe aims for 6699.
  • But above .6811 opens risk up to .6838/42 and possibly key .6891. 

Intermediate-term outlook

The push below key .6770 support signalled an intermediate-term shift to a bear trend.

  • Upside risks: We see an intermediate-term bear trend to aim for .6699 and .6500.
  • What changes this? Above .6891 shifts the intermediate-term bear trend straight to an intermediate-term bull trend.

NZD USD Calendar

21/01/22 BoJ Meeting Minutes; UK Retail Sales; Canadian Retail Sales

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  1. Hellow my name is Deogratius Bosha. I am from Tanzania, i trade using Price action strategy and i use Swing method of trading. I use Stochastic as a default indicator. I trade on trending and consolidating market, i do not trade on choppy market

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Other major currency pairs

BUY - rate is expected to increase, i.e. the first currency gains value against the second currency.
SELL - rate is expected to go down, i.e. the first currency is expected to lose value against the second currency.