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
Oil - US Crude
Wall Street
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
More View more
Real Time News
  • 🇨🇳 Unemployment Rate (MAY) Actual: 5.2% Previous: 5.1%
  • 🇨🇳 Fixed Asset Investment (YTD) YoY (MAY) Actual: 15.4% Expected: 16.9% Previous: 19.9%
  • 🇨🇳 Industrial Production YoY (MAY) Actual: 8.8% Expected: 9% Previous: 9.8%
  • 🇨🇳 Retail Sales YoY (MAY) Actual: 12.4% Expected: 13.6% Previous: 17.7%
  • Indices Update: As of 07:00, these are your best and worst performers based on the London trading schedule: France 40: 0.20% FTSE 100: 0.13% Germany 30: 0.10% US 500: -0.01% Wall Street: -0.09% View the performance of all markets via
  • Heads Up:🇨🇳 Fixed Asset Investment (YTD) YoY (MAY) due at 07:00 GMT (15min) Expected: 16.9% Previous: 19.9%
  • Heads Up:🇨🇳 Industrial Production YoY (MAY) due at 07:00 GMT (15min) Expected: 9% Previous: 9.8%
  • Heads Up:🇨🇳 Retail Sales YoY (MAY) due at 07:00 GMT (15min) Expected: 13.6% Previous: 17.7%
  • Heads Up:🇨🇳 Unemployment Rate (MAY) due at 07:00 GMT (15min) Previous: 5.1%
  • Heads Up:🇨🇳 NBS Press Conference due at 07:00 GMT (15min)
NZD/USD Shooting Star Emerges Near Key 0.8700 Handle

NZD/USD Shooting Star Emerges Near Key 0.8700 Handle

David de Ferranti, Currency Analyst

Talking Points

  • NZD/USD Technical Strategy: Longs Preferred
  • Daily close above 0.8500 handle suggests further gains
  • Shooting Star pattern warns of a correction in the session ahead

As noted in recent candlesticks reports, the Kiwi was primed for further gains following a daily close above the 0.8500 handle. While there may be an absence of bearish candlestick patterns on the daily, some signs of potential weakness are evident in intraday trade (see four hour chart).

NZD/USD: Close Above 0.8500 Puts 0.8750 In Focus

NZD/USD Shooting Star Emerges Near Key 0.8700 Handle

Daily Chart - Created Using FXCM Marketscope 2.0

The four hour chart reveals the presence of a Shooting Star formation which is warning of a potential correction. The 0.8700 handle poses a threat to a recovery, given sellers are likely sitting at the psychologically-significant level.

NZD/USD: Shooting Star Warns of A Pullback Near Key Level

NZD/USD Shooting Star Emerges Near Key 0.8700 Handle

Four Hour Chart - Created Using FXCM Marketscope 2.0

By David de Ferranti, Currency Analyst, DailyFX

Follow David on Twitter: @Davidde

To receive David’s analysis directly via email, please sign up here.

Learn how to read candlesticks to help identify trading opportunities with the DailyFX Candlesticks Video Course.

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