News & Analysis at your fingertips.

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. See our updated Privacy Policy here.



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
Please try again
More View more
NZDUSD: Buyers Struggle to Build Momentum

NZDUSD: Buyers Struggle to Build Momentum

Ilya Spivak, Head Strategist, APAC

Strategy: Flat

NZDUSD is once again testing above resistance at 0.8082-92 marked by a former range bottom and the 61.8% Fibonacci retracement. A confirmed break higher initially exposes 0.8262. The pair has failed several attempts to breach resistance over recent days however and we will stand aside until firm confirmation of a directional bias at this barrier is resolved.

NZDUSD_Buyers_Struggle_to_Build_Momentum_body_Picture_5.png, NZDUSD: Buyers Struggle to Build Momentum

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for

To contact Ilya, e-mail Follow Ilya on Twitter at @IlyaSpivak

To be added to Ilya's e-mail distribution list, send a note with subject line "Distribution List" to

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