DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.
New Zealand Dollar Encounters Resistance
By Jamie Saettele, CMT, Sr. Technical StrategistResistance is just above at the 38.2% fibo of
.7197-.5991 at .6450 and the 3/15 and 3/16 highs at .6468/71. The dealer
chart shows negative divergence with RSI and as such gives scope to a move down,
possible to the 4/24 high at .6371.
- Oct, 17 00:12 GMT Euro Near Major Top Against US Dollar, but Timing Anything but Clear
- Oct, 17 00:01 GMT British Pound Looks to 3Q GDP to Keep the Bullish Momentum
- Oct, 17 00:01 GMT Japanese Yen Relinquishes its Top Safe Haven Status to the Dollar
- Oct, 16 23:40 GMT US Dollar May Be Setting Stage for Advance
- Oct, 16 23:39 GMT Canadian Dollar May Come Under Pressure Ahead of BOC Decision
- May, 02 09:50 GMT New Zealand Dollar Supported by 50 day SMA
- May, 01 11:16 GMT New Zealand Dollar Sells-Off Before .6400
- Apr, 28 09:46 GMT New Zealand Dollar Little Changed
- Apr, 27 10:21 GMT New Zealand Dollar Range Continues
- Apr, 26 10:36 GMT New Zealand Dollar Reverting to Weakness

