Skip to content
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.

0

Notifications

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

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
NZD/USD Bears Hesitate As A Doji Emerges On The Daily

NZD/USD Bears Hesitate As A Doji Emerges On The Daily

David de Ferranti, Currency Analyst

Talking Points

  • Strategy: Flat
  • Doji Suggests Hesitation From Traders
  • Awaiting Reversal Signal On H4

NZD/USD continues to tread water with a Doji pattern indicating hesitation from traders. Despite an absence of bearish signals the scope for further gains may be limited by sellers sitting nearby at the psychologically-significant 0.8000 handle.

NZD/USD: Doji Suggests Hesitation From Traders

NZD/USD Bears Hesitate As A Doji Emerges On The Daily

Daily Chart - Created Using FXCM Marketscope 2.0, Volume Indicator Available Here

The four hour chart suggests the Kiwi is at a slightly more interesting position than the daily. Key resistance rests close-by at the psychologically-significant 0.7900 handle. Yet a void of key reversal patterns casts doubt on a potential pullback over the session ahead.

NZD/USD: Awaiting A Reversal Signal Near Intraday Resistance

NZD/USD Bears Hesitate As A Doji Emerges On The Daily

Four Hour Chart - Created Using FXCM Marketscope 2.0, Volume Indicator Available Here

By David de Ferranti, Currency Analyst, DailyFX

Follow David on Twitter: @DaviddeFe

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.

DISCLOSURES