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NZD/USD Technical Analysis - NZD/USD Trading: 2025-02-04
NZD/USD Technical Analysis Summary
Below 0.55809
Sell Stop
Above 0.56365
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Sell |
| Donchian Channel | Sell |
| MA(200) | Sell |
| Fractals | Buy |
| Parabolic SAR | Sell |
NZD/USD Chart Analysis
NZD/USD Technical Analysis
The technical analysis of the NZDUSD price chart on 1-hour timeframe shows NZDUSD,H1 is retracing down under the 200-period moving average MA(200) after rising to test the MA(200) seven hours ago. We believe the bearish momentum will continue after the price breaches below the lower bound of the Donchian channel at 0.55809. A level below this can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 0.56365. After placing the order, the stop loss is to be moved to the next fractal high, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Forex - NZD/USD
New Zealand unemployment rate is expected to rise to four year high. Will the NZDUSD price retreating continue?
New Zealand unemployment rate is expected to rise to four year high: market forecasts are for the unemployment rate to rise to 5.1% in the three months ended December from 4.8% in the previous quarter. At the same time wage growth is forecast to slow to annual wage growth of around 3%. Easing New Zealand labor market makes it more likely the Reserve Bank of New Zealand will implement a further 50 basis point cut to the official cash rate to 3.75 percent on 19 February. Rising likelihood of a rate cut by the Reserve Bank of New Zealand is bearish for the New Zealand dollar and NZDUSD currency pair.
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