We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Oil - US Crude
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Wall Street
More View more
Real Time News
  • A macro forex trading guide exploring how to trade the Euro vs the Swedish Krona and Norwegian Krone through the prism of the Core-Perimeter model. Get your market update from @ZabelinDimitri here:https://t.co/n6zwlZJmGO https://t.co/F8sLZvRG1q
  • If you missed today's session on IG Client Sentiment where I discussed the outlook for the #DowJones, $AUDUSD and $USDCAD while discussing fundamentals and technicals, check out the recording below and stay tuned for a full report! - https://t.co/2wVxhtItzX
  • Wall Street Futures Update: Dow Jones (+0.213%) S&P 500 (+0.175%) Nasdaq Composite (+0.242%) [delayed] -BBG
  • RT @margaretyjy: Watch my Bloomberg TV interview at 9:00AM Singapore time. Coming in soon! https://t.co/Z6u6offept
  • The Core-Perimeter trading model helps traders understand interactions between global economies, helping to trade the assets embedded in these relationships. Get your market update from @ZabelinDimitri here:https://t.co/dKRAo00lfA https://t.co/jw5uvZBvRx
  • Hello there, traders! It has come to my attention that there have been people pretending to be me on Twitter. If you see anyone doing so, please be sure to report them. My Twitter handle is @ZabelinDimitri. Any variation of that is an imposter. Please spread the word.
  • After approximately 100 votes, it seems that a narrow majority of participants to my poll believe Gold ($GC_F) is going to resolve its congestion with a break lower: https://t.co/NTwXu7ZaGF
  • 🇯🇵 Bank Lending YoY (JUN) Actual: 6.2% Expected: 7.2% Previous: 4.8% https://www.dailyfx.com/economic-calendar#2020-07-07
  • Heads Up:🇯🇵 Bank Lending YoY (JUN) due at 23:50 GMT (15min) Expected: 7.2% Previous: 4.8% https://www.dailyfx.com/economic-calendar#2020-07-07
  • The ASX 200 and AUD/JPY are at risk of losses as cases of Covid-19 continue to climb in Victoria, Australia’s second-most populous state. Get your #ASX market update from @DanielGMoss here: https://t.co/O0LNvhy4eY https://t.co/D0gLVmr3Oy
Near-term Setups in AUDNZD, NZDUSD & EURCAD

Near-term Setups in AUDNZD, NZDUSD & EURCAD

2016-11-03 19:39:00
Michael Boutros, Strategist


AUD/NZD 240min Chart

Last month we were on the lookout for a turn in AUDNZD as the pair approached a ctirical mulit-year ‘slop of influence’. The subsequent reversal has now stretched into near-term support with the short-bias at risk heading into 1.0430/39 – a region defined by the 61.8% retracement of the September advance & the lower median-line parallel of the ascending pitchfork extending off the July low. I’ll be looking for a near-term exhaustion low into this zone targeting the median-line (~1.0525) & the upper parallel / 1.0600. Ultimately a breach / close above the monthly open at 1.0638 would be needed to validate a reversal in the pair.

A break below this key support confluence targets 1.0361 and 1.0312/22. Keep in mind we have RBA monetary policy statement & Australia retail sales on tap tonight with the RBNZ interest rate decision slated for next week.


NZD/USD Daily Chart

Last week we highlighted a clear & well-defined weekly opening range in NZDUSD heading into the U.S. 3Q GDP release. The subsequent breach and rally through our bearish invalidation level at 7214 shifted the focus higher in the pair with the rally now eyeing initial resistance at 7331/40. This region is defined by the 9/16 & 9/27 swing highs, the 100% extension of the advance off he October lows and converges on basic near-term channel resistance. Note the highlighted confluence resistance zone just higher at 7370/80 - Look for a reaction at these levels heading into NFP tomorrow with both representing areas of interest for near-term exhaustion / short-entries. Support is now at 7265 backed by 7214/18. A breach above srtuctural resistance targets the yearly high-day close at 7450 & the 7480-7515 key resistance zone.

EUR/CAD 120min

EUR/CAD 120min Chart

EURCAD rallied through the 1.46 resistance zone highlighted back in October with the subseuqent advance now testing a confluence Fiboancci resistance at 1.4892-1.4919. Risk for a pullback off these levels but the broader focus remains higher while above 1.4664/73 with a a breach targeting a longer-term slope line ~1.4960s and the 2016 open at 1.5022.

Looking for more trade ideas? Review DailyFX’s 2016 4Q Projections

---Written by Michael Boutros, Currency Strategist with DailyFX

Join Michael for Live Weekly Trading Webinars on Mondays on DailyFX at 13:30 GMT (8:30ET)

Follow Michaelon Twitter @MBForex contact him at mboutros@dailyfx.com or Click Here to be added to his email distribution list

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.


News & Analysis at your fingertips.