Open — High Statistics · Bullish Day Analysis

NZD/USD Range
Bullish Momentum

Comprehensive analysis of how far NZD/USD rallies above the daily open on bullish sessions. Based on 2,942 bullish days spanning 24 years.

Updated 31 Mar 2026 n = 2,942 24yr dataset
Sample
2,942
Bullish days analysed
Peak Zone
14.82%
400–500 pip range · most common
Avg Range
592.9
Average open → high pips
Cumulative
59.8%
Highs within 600 pips of open
Raw Data

Open–High Range Distribution

Range (Pips)Days% of TotalDistributionRolling %

Rolling % = cumulative probability of reaching at least that pip bucket on a bullish day.

Probability Curve

Cumulative Distribution

70.4% of bullish days: high within 600 pips
89.0% of bullish days: high within 900 pips
Frequency Chart

Range Distribution Histogram

2,942 bullish sessions

400–500 pip range dominates at 14.82% — prime target zone for profit-taking or trailing stops.

Observations

Key Trading Insights

Kiwi Surge

47% exceed 400 pips

Nearly half of bullish days rally beyond 400 pips — reflects RBNZ policy momentum & dairy strength.

Peak: 400–500

14.82% sweet spot

Highest density bucket — ideal zone for scaling out partial positions or adjusting stops.

70%+ Above 600

Trend-friendly

Over 70% of bullish days push at least 600 pips from open — strong momentum environment.

Low Vol

Only 2.45% over 1500 pips

Extreme tail risk is minimal; NZD/USD rarely sees blow-off rallies beyond 1500 pips on bullish days.

Strategy Framework

📈 Trading Application

Capture dairy rallies & RBNZ-driven momentum. Let trends run using probabilistic targets.

Target 600–1200 pips

50%+ probability

Over 59% reach 600 pips; 30%+ hit 900 pips — ride the kiwi trend.

Scale out at 500 & 900 pips

High-conviction zones

Partial profit at 500 pips (peak density), then trail to capture extended runs.

Ride milk price rallies

Fundamental alignment

NZD/USD correlated with Global Dairy Trade index — monitor auction results.

Disclaimer: Past performance is not indicative of future results. Watch Fonterra auctions & US yields. Dairy correlation: +0.62 (significant)
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Data Hub

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The full NZD/USD dataset library — streaks, ranges, calendars, and key statistics in one place.

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