NZD/USD Daily Price Forecast – 5th June 2025

NZD/USD Daily Price Forecast – 5th June 2025

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Trade Summary:

NZDUSD
Buy Stop @ 0.60439
TP @ 0.60745
SL @ 0.60078

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NZD/USD Daily Price Forecast – 5th June 2025

NZD/USD Analysis (H4 Chart)

Key Observations:

• Trend Analysis:

  • The chart shows a bullish trend in the short term, with higher highs and higher lows forming.

  • The price is trading above the 200-period moving average (red line), indicating a bullish bias.

  • The 50-period moving average (yellow line) is also sloping upward, further confirming the bullish momentum.

• Key Levels:

  • Buy Stop: 0.60439

    • This level is slightly above the recent consolidation zone, indicating a breakout strategy.

  • Stop Loss (SL): 0.60078

    • Positioned below the recent swing low, providing a safety net in case of a reversal.

  • Take Profit (TP): 0.60745

    • This level is near a previous resistance zone, where the price may face selling pressure.

• Price Action:

  • The price is consolidating near the Buy Stop level (0.60439), suggesting a potential breakout.

  • The bullish candles indicate strong buying interest, but the market is currently in a range.

• Moving Averages:

  • The 50-period moving average is above the 200-period moving average, forming a “golden cross,” which is a bullish signal.

  • The price is using the 50-period moving average as dynamic support.

• Risk-Reward Ratio:

  • The distance between the entry (Buy Stop) and the Stop Loss is smaller than the distance to the Take Profit, offering a favorable risk-reward ratio.

Trading Plan:

• Entry:

  • Place a Buy Stop order at 0.60439 to capture the breakout above the consolidation zone.

• Stop Loss:

  • Set the Stop Loss at 0.60078, below the recent swing low, to protect against unexpected reversals.

• Take Profit:

  • Target 0.60745, which aligns with a previous resistance level.

• Risk Management:

  • Ensure the position size aligns with your risk tolerance, keeping the risk per trade within 1-2% of your account balance.

Potential Scenarios:

• Bullish Breakout:

  • If the price breaks above 0.60439, it is likely to test the 0.60745 resistance level.

  • Momentum may accelerate if the breakout is accompanied by strong volume.

• Reversal:

  • If the price fails to break above 0.60439 and falls below 0.60078, it could signal a bearish reversal.

• Consolidation:

  • The price may continue to range between 0.60078 and 0.60439 before a decisive move.

Conclusion:

The NZD/USD pair is showing bullish momentum on the H4 chart, with a favorable setup for a breakout trade. Traders should monitor the Buy Stop level (0.60439) for a potential entry and manage risk carefully with the defined Stop Loss and Take Profit levels.

Recommended Lot Size

Trading is all about statistics.

While we can experience winning streaks, we can also suffer from losing streaks.

As such, we should always size each trade to withstand losing streaks (if any).

It’s widely recommended that you should not risk more than 2% of your capital for each trade.

We believe it’s easier to control your lot size by limiting your lot sizing to 0.01 for every $500 in your account.

So if you have $5000, then risk no more than 0.10 lot size per trade.

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If you spot a mistake especially when it comes to the price, please use common sense and check the chart.

We wish you good luck and good profit for this trade idea.

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