The NZD/USD pair is nearing a significant supply zone near 0.6070, where notable market activity is unfolding. Non-commercial traders are beginning to trim their holdings, signaling a potential shift in market sentiment. Conversely, commercial traders are at their lowest net positions since August 2024 and are starting to accumulate again, creating a divergence between these two groups.
This divergence, combined with the presence of a defined supply area and seasonal factors, suggests a possible reversal point in the current downtrend. On the weekly chart, the overall trend remains bearish, but the confluence of these technical and seasonal signals points toward a potential reversal pattern forming within the supply zone.
Traders may consider monitoring this area for signs of a reversal, potentially setting up for a short position if a clear pattern confirms the shift in momentum. Overall, the setup indicates a cautious opportunity for a bearish trade, provided the price action confirms the anticipated reversal.
✅ Please share your thoughts about NZD/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
This divergence, combined with the presence of a defined supply area and seasonal factors, suggests a possible reversal point in the current downtrend. On the weekly chart, the overall trend remains bearish, but the confluence of these technical and seasonal signals points toward a potential reversal pattern forming within the supply zone.
Traders may consider monitoring this area for signs of a reversal, potentially setting up for a short position if a clear pattern confirms the shift in momentum. Overall, the setup indicates a cautious opportunity for a bearish trade, provided the price action confirms the anticipated reversal.
✅ Please share your thoughts about NZD/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
✅ TELEGRAM CHANNEL: t.me/+VECQWxY0YXKRXLod
🔥 USA ZERO SPREAD BROKER: forexn1.com/usa/
🔥 UP to 4000$ BONUS: forexn1.com/broker/
🟪 Instagram: instagram.com/forexn1_com/
🔥 USA ZERO SPREAD BROKER: forexn1.com/usa/
🔥 UP to 4000$ BONUS: forexn1.com/broker/
🟪 Instagram: instagram.com/forexn1_com/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅ TELEGRAM CHANNEL: t.me/+VECQWxY0YXKRXLod
🔥 USA ZERO SPREAD BROKER: forexn1.com/usa/
🔥 UP to 4000$ BONUS: forexn1.com/broker/
🟪 Instagram: instagram.com/forexn1_com/
🔥 USA ZERO SPREAD BROKER: forexn1.com/usa/
🔥 UP to 4000$ BONUS: forexn1.com/broker/
🟪 Instagram: instagram.com/forexn1_com/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.