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.

Free Trading Guides
EUR/USD
Bullish
GBP/USD
Mixed
USD/JPY
Bearish
Gold
Bearish
Oil - US Crude
Mixed
Bitcoin
Bearish
More View more
Real Time News
  • The $USD may rise against the Norwegian Krone and Swedish Krona in the week ahead as panic about the #coronavirus inflames demand for anti-risk FX at the expense of cycle-sensitive assets. Get your market update from @ZabelinDimitri here:https://t.co/9Dqik0Xj2u https://t.co/VDjAH1PdA7
  • The Canadian Dollar may be at risk as crude #oil prices appeared to resume the steep decline from January. The #Yen soared as #coronavirus woes plunged stock markets across the globe $USDCAD #CAD #CrudeOil - https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2020/02/24/Crude-Oil-Slips-As-Markets-Fret-Virus-Spread-Chance-of-Production-Cuts.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/5wDZt7f0io
  • RT @TruthGundlach: The extra yield for downgrading from BBB corporates to BB corporates got insanely narrow in December. The spread has wid…
  • CDS spreads on South Korean sovereign bonds up 4.65 basis points from #coronavirus fear pandemic
  • $USD Forecast: US Dollar Drops on Fed Cuts, Consumer Confidence Eyed Full Analysis: https://www.dailyfx.com/forex/fundamental/us_dollar_index/usd_trading_today/2020/02/24/usd-forecast-us-dollar-drops-on-fed-cuts-consumer-confidence-eyed.html #Forex #FX #Trading #FOMC #DXY https://t.co/Cv7j8FHN2n
  • Nikkei Futures down over 4% following the brutal US session
  • RT @ZabelinDimitri: Feb 24: - Trump meets with Modi - German🇩🇪 IFO business confidence - New Zealand🇳🇿 retail sales - China🇨🇳 may announc…
  • The $JPY has lost out to a broadly resurgent US Dollar, with a clearly dwindling band of Yen bulls left to hope that the most recent rise has become overextended. Get your market update from @DavidCottleFX here:https://t.co/7Ndm5jiOi7 https://t.co/ikXioYKa1S
  • The markets have not been this dovish on the #Fed since October with 2 rate cuts by the end of this year full priced in with odds of a 3rd on the rise (blue line is the implied hikes/cuts via Fed funds futures for 2020). #SPX is down over 4.8% from peaks seen last week https://t.co/is6Wbl6XIz
  • #Coronavirus update on 2 U.S. companies just crossed the wires: United Airlines (-0.62% afterhours): - Withdraws 2020 forecast with 100% decline in near-term demand to China Mastercard (-2.94% afterhours): - Sees lower revenue growth in the first quarter
New Zealand Dollar Supported by 20 Day Average

New Zealand Dollar Supported by 20 Day Average

2011-02-09 15:48:00
Jsaettele,
Share:

240 Minute Bars

eliottWaves_nzd-usd_body_nzdusd.png, New Zealand Dollar Supported by 20 Day Average

Prepared by Jamie Saettele

The 20 day SMA continues to hold as support and a move above 7824 cannot be ruled out. Do understand however that a move above there could complete the corrective advance from 7342. The dominant pattern in the NZDUSD is the 5 wave drop from 7975, which keeps me looking lower.

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

DISCLOSURES

News & Analysis at your fingertips.