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
Oil - US Crude
Bearish
Low
High
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
  • The 2022 forecast for Fed Fund futures has surged to its highest on record (fully pricing in two 25bp rate hikes) and you can see it in the 2-10 Treasury yield spread this past session: https://t.co/5qMg2X8MX1
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.20% 🇨🇭CHF: 0.06% 🇪🇺EUR: 0.05% 🇬🇧GBP: -0.02% 🇨🇦CAD: -0.06% 🇦🇺AUD: -0.19% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/Y9B3C6uhBW
  • Wow, Australian 2-year yield jumps to highest since March 2020 in incredible surge (+62%) as #RBA withholds from defending the 2024 yield target today? (3Y up too) This is raising speculation the CB could be rethinking YCC Australian Dollar could not be bothered #AUD $AUDUSD https://t.co/eX3in6oINH
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 89.56%, while traders in AUD/JPY are at opposite extremes with 74.09%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/i60JbX6qIo
  • The US Dollar might be stabilizing against ASEAN currencies as inflationary woes resurface ahead of GDP and PCE data. Amazon, Apple and Facebook earnings may also drive sentiment ahead. Get your market update from @ddubrovskyFX here:https://t.co/tY5dOmDIWS https://t.co/CvBV8Zcpxh
  • RBA Deputy Governor Debelle says a little more inflation is welcome - BBG
  • - Managed isolation and quarantine (MIQ) reduced to 7 from 14 days effective November 14 - BBG
  • The Australian Dollar has had a period of strengthening against most currencies but there might be some challenges ahead. Will the Australia Dollar go higher? Find out here: https://t.co/0wRHCXnUCO https://t.co/ZuX4YjBUX1
  • New Zealand's Hipkins says Christchurch at alert level 2 - BBG
  • 🇯🇵 Foreign Bond Investment (23/OCT) Actual: ¥-604.5B Previous: ¥1225.4B https://www.dailyfx.com/economic-calendar#2021-10-27
NZD/USD Candlestick Analysis: Rally Extends for Third Week

NZD/USD Candlestick Analysis: Rally Extends for Third Week

Ilya Spivak, Head Strategist, APAC

To receive Ilya's analysis directly via email, please SIGN UP HERE

Talking Points:

  • NZD/USD Strategy: Flat
  • Kiwi Rebound Extends for Third Week
  • Upswing to Yield Selling Opportunity

The New Zealand Dollar continued higher for a third consecutive week against its US counterpart having bottomed after setting a bullish Morning Star candlestick pattern. Resistance is now at 0.7567, the intersection of channel resistance-turned-support and the 23.6% Fibonacci retracement, with a break above that exposing the 38.2% Fib at 0.7809. Alternatively, a reversal back below 0.7418 targets the January low at 0.7175.

The overall NZD/USD trend continues to favor the downside. With that in mind, we will look to any on-coming gains as an opportunity to establish a short position at more attractive levels once the upswing is exhausted.

NZD/USD Candlestick Analysis: Rally Extends for Third Week

Weekly Chart - Created Using FXCM Marketscope

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

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

DISCLOSURES