How To Make Money Today: NZD/USD Daily Market Analysis and Forex Trading Signals 7 April 2022
To assist you to make a good day-trading selection, we’ll cover the newest forex market analysis. Make more money today with our market analysis. You must know how to trade first and have at least a simple understanding of chart patterns. Aside from that, we’ll cover some basic tips and methods that can aid anybody curious in day trading strategies. So let’s start by looking at some charts from today…
Looking for perfect daily analysis and/or a managed investment account with the world's biggest brokers and make stable 30% - 50% Return on Investment weekly?
Text us now on WhatsApp for more information! We are online waiting for you!
NZD/USD:
On the H4, with price expected to bounce off the support of the ichimoku cloud, we have a bias that price will rise to our 1st resistance at 0.69835 in line with the swing high resistance from our 1st support at 0.69168 in line with the horizontal overlap support, 78.6% Fibonacci projection. Alternatively, price may break 1st support structure and head for 2nd support at 0.68787 in line with the swing low support.
Areas of consideration:
- H4 time frame, 1st support at 0.69168
- H4 time frame, 1st resistance at 0.69835
NZD/USD is still trading at 0.6900, barely above a one-and-a-half-week low.
- NZD/USD fell for the second day in a row, retreating further from its YTD high.
- The Ukraine crisis weighed heavily on investors’ minds, undermining the kiwi’s reputation as a riskier currency.
- The USD bulls were on the defensive and extended support after a little dip in US bond rates.
During the early European session, the NZD/USD pair remained down, trading around 0.6900, only a few pips above the one-and-a-half-week low hit earlier this Thursday.
For the second day in a row, the pair has seen selling, and it has now retreated about 150 pips from its highest level since November 2021, which was around the 0.7035 range earlier this week. Market mood is still shaky, owing to dwindling prospects for a diplomatic settlement to the Ukraine conflict and the risk of more Western penalties against Russia for suspected war crimes. This, in turn, was considered as a major reason that weighed heavily on the kiwi, which was seen to be more risky.
The anti-risk sentiment was bolstered by a little drop in US Treasury bond rates, which helped to keep the recent US dollar rise to a nearly two-year high in check and provided some support for the NZD/USD pair. However, despite the Fed’s hawkish view, which should continue to operate as a tailwind for the greenback, any substantial rise seems difficult. Indeed, the FOMC minutes revealed that policymakers were planning to raise rates by 50 basis points at subsequent sessions.
The minutes also revealed that the central bank’s huge balance sheet will be reduced at a maximum rate of $95 billion per month in order to tighten financial conditions. This strengthens the case for some USD dip-buying, implying that the NZD/USD pair’s attempted rebound is more likely to draw new selling at higher levels. Traders are now anticipating some encouragement from US Weekly Jobless Claims data later in the early North American session.
Aside from that, the USD price dynamics will be influenced by US bond rates, creating some interesting trading possibilities around the NZD/USD pair. Traders will continue to be influenced by developments in the Russia-Ukraine story, which is expected to continue to drive wider market risk sentiment.
Technical levels to watch
NZD/USD
| OVERVIEW | |
|---|---|
| Today last price | 0.6907 |
| Today Daily Change | -0.0015 |
| Today Daily Change % | -0.22 |
| Today daily open | 0.6922 |
| TRENDS | |
|---|---|
| Daily SMA20 | 0.6904 |
| Daily SMA50 | 0.6781 |
| Daily SMA100 | 0.6792 |
| Daily SMA200 | 0.6909 |
| LEVELS | |
|---|---|
| Previous Daily High | 0.6968 |
| Previous Daily Low | 0.6896 |
| Previous Weekly High | 0.6999 |
| Previous Weekly Low | 0.6876 |
| Previous Monthly High | 0.6999 |
| Previous Monthly Low | 0.6728 |
| Daily Fibonacci 38.2% | 0.6923 |
| Daily Fibonacci 61.8% | 0.694 |
| Daily Pivot Point S1 | 0.6889 |
| Daily Pivot Point S2 | 0.6856 |
| Daily Pivot Point S3 | 0.6816 |
| Daily Pivot Point R1 | 0.6961 |
| Daily Pivot Point R2 | 0.7001 |
| Daily Pivot Point R3 | 0.7034 |
0.0 pips spreads | 500:1 leverage
Daily Super Signals (Hit Take Profit targets: TP1 is 100% accurate, TP2 is 100% accurate, TP3 is 85% accurate)
Open Demo Account Open Live Account
This is how you can make €1000 income daily!
Register bellow and we will tell you how to do it (or we will do it for you.. for a small fee)
FOR DAILY SIGNALS, TECHNICAL VIEWS, MANAGED ACCOUNTS and other services with GUARANTEED PERFORMACE, simply text us on WhatsApp to get more info!
Click here to send a dircet text to us!
WhatsApp number: +447747535495
Daily Super Signals (Hit Take Profit targets: TP1 is 100% accurate, TP2 is 100% accurate, TP3 is 85% accurate)
Open Demo Account Open Live Account
and gain access to the Premium Daily Signals, made by certified CFA traders with guaranteed minimum profit of 50 pips per trade (5 - 10 premium signals daily)
MAKE MORE MONEY
ENJOY YOUR LIFE! LEAVE THE TRADING TO US!
Text us for more info about our managed trading accounts!
