The pair found support at the .7700 major psychological level, which was right in line with the trend line and just enough to close the weekend gap. With price making higher lows and stochastic making lower lows, a bullish divergence has formed, hinting that NZD/USD could be headed further north. The next area of interest seems to be at the .7800 handle but, for the sake of my long trade, I’m keeping my fingers crossed that it heads much higher than that!
Are the Kiwi bulls taking a breather? On NZD/USD’s 4-hour chart is a rectangle, which, according to the School of Pipsology, is a possible sign for a continuation of a trend. The question is, are the Kiwi bulls done pushing the pair higher, or are they just taking a breather?
After bouncing a few times off the .7850 minor psychological support and finding resistance near .7900, NZD/USD seems to be stuck inside a new range for the week. Stochastic is pointing down, which means that another test of .7850 might be in the cards. Will it still hold this time?
Here’s one for those who like trading breakouts! NZD/USD has been trading on what looks like a rising wedge on the 1-hour chart. It’s currently having trouble at the .8050 handle, but it’s still within the wedge pattern. Will we see a breakout soon? Lemme know how you’re planning on trading this one!
i am bullish on this pair…T/P for this pair for me is 0.8160 , where there will be a strong resistance, followed by retracement till 0.8000 and back to 0.8230 levels…
This could be a make or break for the Kiwi! The pair just hit support at the bottom of the rising channel on the 4-hour chart while a bullish divergence seems to be hinting that Kiwi bulls could charge soon.
The .7950 minor psychological level has acted as a significant area of interest in the past and might still do so this time around. But do fundamentals line up for a Kiwi bounce? Let me know what you think!
Here’s one for the comdoll bulls! NZD/USD is chilling on a rising trend line on the 1-hour chart and it looks like it’s about to retest the support. Stochastic is on the overbought territory for now, but do you think there’s more room for the Kiwi to rise? I have a good feeling about this one!
Looking at the Daily, we could have a nice Head & Shoulders pattern forming, with the 200ema sloping down slightly across the shoulders, and the Monthly Pivot just below the neckline, which could add up to a pretty bearish picture. I’ll certainly keep an eye on it.
I’ve been keeping my eye on that right shoulder for the last couple of weeks, too! Just waiting for some downward momentum before jumping in and possibly adding if the neckline breaks.
Agreed, good to know that we are looking at the same thing. Thought we might lose it yesterday, but it didn’t end the day too badly. Will see what we get next week.
Apologies for the absence - I have subscriptions to too many threads, really, so when you stopped posting on this thread and it basically died out I removed the subscription.
During your absence, I had visions of you living the currency trading dream, taking time out - or perhaps trading from a laptop - while cruising the world on your yacht (named, perhaps, The Happy Pip?), luxuriating in the proceeds of your trading.
Glad to have you back around, I trust the tan is amazing.
It looks like Kiwi bears needed to pull up for some air after that sharp dive last week! NZD/USD might retrace to the 38.2% Fib, which is in line with a former support level just below the .7950 handle. Stochastic already reached the overbought area but haven’t crossed yet, so there might be room for this pair to climb.
The Kiwi/Dollar has broken support at the key level near 0.7857 as we can see this market has range-bound 0.8055-0.7857 from 21June. And at about 0.7857 level was act very well as support. From 20July price start its downside journey from key-resistance at about 0.8055. We also see that, On daily chart today 8EMA cross-down 21EMA.
we could see a rotation to the downside in the near-term. We would note that the next support is seen near 0.7647
Like the Aussie, there’s no hard resistance level near NZD/USD’s current price. Heck, the pair is even sporting a possible bullish pennant in the 4-hour chart! Will the pair break above the pennant, or test its former support levels near the .8050 area?
