Annual Forecast for NZDUSD (2022)

Updated:

NZDUSD Annual Forecast – Price Still Equipped to Enter Bearish Trend

The annual forecast for NZDUSD shows that the price is still well equipped to enter a bearish trend in the year 2022. Price movement has long been characterized by ups and downs patterns in the market structure. We saw bulls fastening up and the bears were seen plunging in a bearish movement. However, the first prospect the market is likely to fall in favor of will be the bear market trend. This is a result of the strength in the current phase of the market.


NZDUSD Important Zones:

Resistance Levels: 0.87000, 0.75200
Support Levels: 0.61200, 0.48900

Annual Forecast for NZDUSD (2022)NZDUSD Long term Trend: Bearish

NZDUSD market is considered to be following the bearish trend at the current moment as the bears are ready and equipped to plunger price movement downward this year. The bearish impact plunge came into play in 2009. There was an enormous drop to the 0.48900 price level. When the bearish downplay was over, the bulls then picked up price momentum from the 0.48900 price level. The price, however, rallied up to the 0.87000 key level, which is still at its all-time high.

The market varied as the price was seen to be ranging between the levels of 0.48900 and 0.75200, a significant level. After a while, the sellers took it on themselves to bring the price lower to the 0.61200 significant level. Price ranging, however, continued, and the market is now varying between 0.75200 and 0.61200 price levels. The market is currently pushing downward as the price still has a range pattern. When the accumulation phase is over, we should therefore expect a significant fall below 0.61200 in the coming months.

Annual Forecast for NZDUSD (2022)NZDUSD Medium Term Trend: Bearish

The market on the weekly timeframe displays the sellers’ price movement in a downtrend manner after a long ride to the 0.75200 price level by the buyers. The price is therefore set to flow downward and break the 0.61200 significant level when the accumulation phase is over. The Parabolic SAR (Stop and Reversal) indicator shows that the weekly timeframe is still following a bearish trend to the 0.61200 price level.

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NZDUSD Bearish Threat Is Close to the Edge

Updated:

NZDUSD Price Analysis – January 9

NZDUSD bearish threat is close to an edge around the 0.67030 price level following a downpour. The market had longed to be moved by the bears’ solid inspiration. This implies that the price action has been strongly inspired by the seller’s prospect. The bear’s menace is now seen to be on the decrease just as the momentum continues to decrease. When the price impulse gets to the 0.67030 level, the bear’s movement will come to an end as the impulse decreases.


NZDUSD Important Levels:

Resistance Levels: 0.72050, 0.70560
Support Levels: 0.69190, 0.67030

NZDUSD Bearish Threat Is Close to the EdgeNZDUSD Long Term Trend: Ranging

Price movement first looked forward to establishing itself following a quick range on the daily chart around the upper region of 0.72050 level of price influence before a bearish trend was noticeable. NZDUSD then fell to continue its rangy price movement around the levels of 0.70560 and 0.69190 price influence. The bulls and the bears are now experiencing tugs of war as they are now moving in a standpoint movement. This tendency then continues till the bears eventually take their level down from the 0.72050 price level.

When price movement moved from the 0.72050 level, the sellers pushed the market to fall with a strong impulse in price influence. The market is being displayed as the Bollinger Band indicator also begins to widen from the 0.72050 level. As the market trades near the 0.69190 level, price movement continues to range before starting to go downward.

NZDUSD Bearish Threat Is Close to the EdgeNZDUSD Long Term Trend: Bearish

The 4-hour chart of the market showed price movement following a consolidation between the levels of 0.69190 and 0.67030. However, the price is set to move downward following a bearish push before the buyers kick in. The (Moving Average Convergence and Divergence) MACD indicator shows price direction to generally start to follow a bullish market despite still being in sellers’ direction. The price must first reach the 0.67030 level before the bulls kick in.

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NZDUSD Bears Prepare for a Downpour Below the 0.68430 Key Level

Updated:

NZDUSD Price Analysis – December 2

NZDUSD bears prepare for a downpour in the market. The bears are prepared to rage a storm of influence on the market by moving prices with strong, significant strength. The market will experience a downpour due to the bears’ successful gain in power over the bulls in the market. The bulls want to lift the price movement upward to break through the 0.68430 key level. However, due to the low level of impact, the bears will eventually succeed in returning price movement downward in a bearish torrent.


NZDUSD Key Levels:

Resistance Key Levels: 0.71950, 0.70550
Support Key Levels: 0.68430, 0.67100

NZDUSD Bears Prepare for a Downpour Below the 0.68430 Key LevelNZDUSD Long Term Trend: Bearish

The NZDUSD market can be described as having exhibited a wayward influence in the sense that the market gave both the buyers and the sellers space in the market to manipulate prices in its direction. The market emerged with a bear trend and the bears manipulated the market downward, down to the 0.68430 key level. When the price attained this level, the bulls had a significant impact on the market’s influence. The price level rallied back to the 0.71950 key level. Bull’s torment fell at this significant level of influence. The price level then continues in a side-ways movement.

The bulls and the bears struggled to keep the price structure. The bears eventually zoomed in with a downpour of price movement, breaking several price levels of influence. Price then dropped to several lows before breaking through the 0.68430 key level. The bears strengthen themselves to break through this level to ride to the 0.67100 key level. The bulls, however, tried to entangle the bears to push the price level back to the 0.68430 key level. The RSI (Relative Strength Indicator) shows price movement at the middle level pointing downward as price tends to assume a bearish direction.

NZDUSD Bears Prepare for a Downpour Below the 0.68430 Key LevelNZDUSD Long Term Trend: Bearish

The 4-hour chart price inclination shows the movement to be random and between the price range values of 0.68430 and 0.67100, the key level of influence. The RSI also shows a price signal in the middle level pointing downward, indicating a bearish presence at hand as the market is prepared for a downpour, and the mass flow index indicator also follows the direction of a bearish market. The price level is therefore ready for a downpour below the 0.68430 key level.

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NZDUSD Allows Sellers to Keep up Price Positions in the Market

Updated:

NZDUSD Analysis – Kiwi Allows Sellers to Keep up Price Positions in the Market

NZDUSD allows sellers to keep up price positions in the market. Due to the reaction of price influx within the market movement, the sellers have successfully been the major inhabitants controlling the price direction. The price level systematically follows a bearish progression as more tension is applied to the Kiwi market. The bulls, though present, are equally influencing the demand for price influence. However, Kiwi is determined to proceed with bears’ direction as the market builds down due to the increase in tension applied.


NZDUSD Market Levels:

Resistance Levels: 0.71930, 0.70520
Support Levels: 0.68420, 0.67000

NZDUSD Allows SellersNZDUSD Long Term Trend: Bearish

NZDUSD unfolded with a long consolidation in price movement. The accumulation of the price is noticeable as a retest at the 0.70520 market level. The price was built on long consultation before the bears hijacked price movement down to the price level of 0.68420 level of significance. The market momentum swiftly changed to a bull market. Their strength increased forward, up to the 0.71930 price level from the 0.68420 price level. The market then repeated the cycle, following the same pattern.

The bears, therefore, wield more power as the market proceeds below the price level of 0.71930. The bearish power moved with vigor with the price level, breaking through the 0.68420 level of significance. And the price level is ready to proceed further with a more bearish moment. The Money Flow Index indicator shows the overbought and oversold regions of the price market. The signal flow fails to reach the 80.00 regions and is seen progressing downward.

NZDUSD Allows Sellers NZDUSD Short Term Trend: Bearish

The 4-hour chart of the market displays price movement as ranging between the significant levels of 0.68420 and 0.67000. The price level seeks to continue a further bearish moment in price consolidation. The Relative Volume index shows price movement in the bears’ favor, and Kiwi is prepared to trade at the 0.67000 market level as the tension increases.

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NZD/USD Flips Bearish on Monday Amid a Stronger Dollar

Updated:

The NZD/USD pair entered a bearish cycle in the early European session on Monday, surrendering the 0.6800 mark as it lost some of the gains accrued last week.

The forex pair failed to capitalize on the goodish bounce from last week after meeting fresh supply around the 0.6825 top and got held back by a combination of fundamental factors. Firstly, the growing uncertainty over the impact of the increasing number of COVID-19 cases quelled optimism over the recent discovery that the Omicron variant might not be as severe as previously believed. Consequently, it hampered investors’ risk appetite and acted as an anchor for the risk-loving Kiwi.

That said, the risk-off market sentiment, indicated by a softer tone around the equity markets, attracted some safe-haven inflows into the greenback, which remained buoyed by the hawkish Fed outlook. As reported previously, the US Federal Several asserted in its last meeting that it plans on implementing at least three rate hikes in 2022. That said, a stronger USD also extended bearish pressure on the NZD/USD pair

Further Downside Possible for NZD/USD as Market Conditions Support Bears

Nonetheless, an additional downside for the NZD/USD pair remains limited amid the absence of investors willing to place aggressive bets as we draw closer to the end of the year. Also, the absence of any market-moving economic data release this week contributed to the absence of volatility to drive prices in either direction.

Regardless, the bias surrounding Kiwi remains tilted in favor of bears, which means that the forex pair is unlikely to record a sustained push above the $0.6800 resistance in the near term.

 

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NZDUSD Bearish Bar Aims to Break Over Price Level

Updated:


NZDUSD Analysis – Bearish Bar Aims to Break Over the 0.67000 Price Level of Influence

NZDUSD bearish bar aims to break over the 0.67000 price level of significance. The bearish order of the market has been a major contributor to market formation. The more their tributes emerge from the market, the more influence they tend to reproduce. Even though the buyers are also indebted in the NZDUSD market analysis, the bears are inclined to break price over another level of significance. This implies that the bearish order flow will continue to increase its price momentum as the market unfolds.


NZDUSD Market Levels:

Resistance Levels 0.72000, 0.70400
Support Levels: 0.68300, 0.67000

NZDUSD Bearish Bar Aim to Break Over Price LevelNZDUSD Long Term Trend: Bearish

NZDUSD market has created both bear and bull cognition in the market. The price first advanced with a quick motion above the 0.72000 level of influence. The candlestick strode upward with a range of influence. The market considerably experiences a short range of accumulation. As a result of the anticipated price accumulation phase, the bears appeared with a robust hand to move the price in another direction. When the bears push the price network downward here, their presence signifies a bearish order flow of influence. They are therefore willing to pay for price movement as price appearance continues to follow this.

After the bearish interference by bringing the price movement down to the 0.68300 price significance, the price activities are now being substantiated by both the bullish price and the bearish price. NZDUSD now displays its market ranging between the levels of 0.72000 and 0.68300 in price influence. However, with bearish influence encompassing the market, the bears are aiming to break over the next price level of 0.67000 for the market to progress.

NZDUSD Bearish Bar Aim to Break Over Price LevelNZDUSD Short Term Trend: Bearish

Following the 4hour chart, the price movement happens to be pursuing a downtrend. The bearish bar aims to break over the price level of influence in the market as it obeys the market’s bearish order. The Parabolic SAR (Stop and Reverse) shows how the market is reinforced in bearish order and the Momentum indicator declines as the price prepares to break over the 0.67000 market level in bearish order.

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NZDUSD Bulls Struggle to Keep Price Afloat

Updated:

NZDUSD Analysis: Bulls Struggle to Keep the Price Afloat Above the 0.68020 Price Zone

NZDUSD bulls struggle to keep prices afloat above the 0.68020 price zone. The buyers in the market are striving to hold a price level above the 0.68020 level of significance. However, when the market eventually succeeds in breaking above this level, the sellers are still waiting for the price movement downward. This is so because the general distribution of the market signifies a bearish direction that will eventually come to an end. If the bullish strength bounces back stronger, the buyers will pull the market upward.


NZDUSD Price Zones:

Resistance Zones: 0.71920, 0.70850
Support Zones: 0.69080, 0.68020

NZDUSD Bulls Struggle to Keep Price AfloatNZDUSD Long Term Trend: Bullish

The NZDUSD price distribution started with a short range of display in price. The market began oscillation and eventually dropped, breaking through the 0.71920 and 0.70850 price zones. After the market shifted from consolidation to bearish outpouring, another significant accumulation continued between the levels of 0.70850 and 0.69080. Kiwi after accumulation was eventually distributed in the seller’s direction to the very last zone of 0.68020 level of significance.

The bulls in the market began to keep prices afloat. As a result of their struggle, there was an increase in the momentum of price movement. When the bulls failed to return to the highest high formed, the selling demand took control as the market is now witnessed to form an “M” waver structure in the market. The sellers are seen to have dropped prices downward, and the bulls appear to be struggling to keep price influence afloat. If the bulls persist long enough, there will be maximum strength in the display as the price will now be set to rise. The MACD (Moving Average Convergence and Divergence) indicator is explained by a cross below the 0.00 level in a bear market. This indicates the presence of bulls almost at the end.

NZDUSD Bulls Struggle to Keep Price AfloatNZDUSD Short Term Trend: Bullish

Looking at the 4-hour chart, the price movement is seen to be striving to break above the 0.68020 level of significance. When the price finally succeeds, this will give room for more buyers involved in the market. The Relative Volume index of prices in the market shows the price rising on an increase towards the 80.00 level as the price is determined to float above the 0.68020 price level.

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NZDUSD Finally Halts Below the 0.68020 Level of Significance

Updated:

NZDUSD Price Analysis – December 6

NZDUSD finally halts out of a varying market below the 0.68020 significant level. The market phase passes through a series of price movements in both the bulls’ and bears’ directions. The market structure faces a major consequence whenever a prospect in the market eventually takes market control to drive price movement in its desired direction. As a result of this, several levels of the price will be broken to correspond with the price direction based on the market’s prospect influence, and more new levels of significance will be created.


NZDUSD Price Zones:

Resistance Zones: 0.71920, 0.70800
Support Zones: 0.69070, 0.68020

NZDUSD finally haltsNZDUSD Long Term Trend: Bearish

However, the present price movement is noted to evolve in a negative trend, indicating that the market is in favor of the seller’s possibility. As the price action is mainly caused by sellers, the price movement follows its bearish trend lower. After the bull’s price momentum was halted at the 0.71920 level of importance, the seller’s power developed. This was made clear by the market’s alignment with the market structure of the NZDUSD pair. The bears took control because Kiwi was about to form a double top shoulder, which is a critical price pattern in market orientation.

Following that, the price is already being exploited by the seller’s prospect. The price movement begins to settle down, following a double top-shoulder pattern. When the price halts below the 0.70800 level of price influence, a quick retest was made at that level to indicate price rejection by the buyers and sellers’ continuation. The market, therefore, establishes itself to follow the downward trend in a bearish movement, attacking several price levels. Furthermore, the Kiwi price influence halts below the 0.68020 level, and the bears succeed in ridding above this level. The Bollinger Band indicator on the 1-day chart presents price downtrend motion as the price keeps reacting near the lower band.

NZDUSD finally halts NZDUSD Short Term Trend: Bearish

The price favors the bearish market as it signifies a significant drop. The market continues to ride lower as the price is being impacted by the flow of lower prices. Kiwi is calling for a return back to the 0.68020 level before bearish continuation as the Parabolic SAR (Stop and Reverse) signifies downtrend dots following the price movement. NZDUSD is therefore meant to proceed downward after its quick return to the 0.68020 level.

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Price Cracks Through Support Level in Kiwi Market

Updated:

NZDUSD Price Analysis – November 30

Price cracks through the support level of 0.68200 in the Kiwi market. NZDUSD price system has been in a downtrend for a long time. The market system has been stacked in favor of the bears, and market sellers can keep Kiwi in a downward trend. As a result of the price decline, the sellers were able to break through an old support level of 0.68200. This fracture was fueled by the bear’s discretion and market favor. As a result, the price is anticipated to continue in the sellers’ favor until their momentum runs out.


Kiwi Significant Levels:

Resistance Levels: 0.71800, 0.70600
Support levels: 0.69309, 0.68200

Price cracks throughNZDUSD Long Term Trend: Bearish

Glancing at the general orientation of the structure in the price, it is observed that the market pattern after a consolidation between the levels of 0.70600 and 0.69300 points of significance, the price movement formed an M-shaped market pattern as the bears and the bulls keep fighting for power. Arising after this pattern is a crack through the 0.68200 points of significance. The price first underwent indecision in the market with a Doji candlestick before the bears flows in.

Based on this, the bears will ultimately progress in their direction as long as the bearish phase has not expired. However, the price may witness a withdrawal back to this level before the downtrend can continue in a bearish light. The combination of the RSI (Relative Strength Index) and Stochastic Oscillator shows the price in the oversold region on the 1-day chart. This shows that a pullback will be impending at such a level before the bears can succeed in moving downward.

Price cracks through NZDUSD Long Term Trend: Bearish

The market shows a price rally in the movement of the NZDUSD. The market continues to be in the bears’ favor as the outbreak continues. The bears are also certain to go downward. The TSI (True Strength Indicator) of the market displays price movement as the downtrend is set in motion by the sellers after breaking through the 0.68200 significant level. The price is anticipated to go lower after the withdrawal to that level.

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NZDUSD Executes Its Double Top Pattern to Push Further Downward

Updated:

NZDUSD Price Analysis – November 29

NZDUSD executes its double top formation to sink the price back to 0.68000. Since the price ascended to the 0.71500 key level on October 20th, the market has been unable to withstand the bears’ pressure. The market can be seen accumulating at two key levels to try to stop the fall in price. Price accumulation can be seen at 0.71040 and 0.69880, but this doesn’t stop the fall in price as NZDUSD executes a bearish formation.


NZDUSD Key Levels

Resistance Levels: 0.69460, 0.71500
Support Levels: 0.68000, 0.65330

NZDUSD executesNZDUSD Long Term Trend: Bearish

The market has been undergoing a period of intense consolidation for the past two months, starting from June 16th, 2021, till August 2021. Thereafter, the market broke out downward to 0.68000. Nevertheless, bulls pushed the market upward, breaking through several price levels to reach 0.71500, where the market was rejected. What followed was a drop around the 0.69460 significant level.

The NZDUSD would rally again from 0.69460, this time breaking through the resistance at 0.71500. Bearish pressure resumed on the market at this point as price executes the formation of a slanting double top pattern. Brief periods of accumulation occurred at 0.71040 and 0.69880, but they were powerless to stop the drop in the market. Price eventually breaks through the neckline of the double top pattern and drops back to 0.68000.

NZDUSD executes NZDUSD Short Term Trend: Bearish

Reactions at the current significant level of 0.68000 will determine the next trajectory of the market. If the price falls below the level, the NZDUSD is expected to fall even further to 0.65330. In a contrary situation, the price will rally back to 0.69880. The Relative Strength Index is currently hovering around the oversold region already.

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