Forex Candlestick Summary
| Symbol | Trend Bias | Time Frame | Candlestick Formation | Candle Bias | Chart Links |
|---|---|---|---|---|---|
| EUR/USD | bullish | daily | View Chart | ||
| USD/JPY | bullish | daily | View Chart | ||
| GBP/USD | bearish | daily | SHOOTING STAR | bearish | View Chart |
| AUD/USD | neutral | daily | View Chart | ||
| USD/CAD | bullish | daily | View Chart | ||
| NZD/USD | neutral | daily | View Chart |
NZD/USD Consolidating Around 0.85 Figure
NZD/USD Technical Strategy: Flat
Prices are consolidating above around the 0.85 figure. Near-term trend line resistance is at 0.8565, with a break above that targeting swing highs at 0.8585 and 0.8675. Trend line support is at 0.8446. A move beneath that eyes a pivot support level at 0.8389. Current positioning doesn’t offer a compelling entry point and we will stand aside for now, looking for an actionable setup to present itself.

Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak
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