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  • Noguchi nominated for BOJ board by Japan's government - BBG
  • $GBPNZD could extend recent losses after surging away from the 100-MA and failing to breach range resistance at 1.9120 - 1.9150 A retest of the monthly low looks on the cards if sellers can drive the exchange rate back below the 21-EMA (1.8956) $GBP $NZD #technicalanalysis https://t.co/uAb9NLF0Bd
  • The British Pound may continue gaining ground against its haven-associated counterparts in the near term. However, the currency may give up gained ground against the New Zealand Dollar.Get your $GBP market update from @DanielGMoss here:https://t.co/cIp4BfbsXT https://t.co/ycIRaUsjUI
  • Commodities Update: As of 03:00, these are your best and worst performers based on the London trading schedule: Silver: 0.44% Gold: -0.05% Oil - US Crude: -0.49% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/B0yuFtrUmB
  • Precious Metals Analysis: Gold and Silver Buoyant as Real Yields Fall - https://www.dailyfx.com/forex/market_alert/2021/01/21/Precious-Metals-Analysis-Gold-and-Silver-Buoyant-as-Real-Yields-Fall.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Moss&utm_campaign=twr #Gold #Silver #XAUUSD #XAGUSD https://t.co/3rrgV0Rl67
  • ECB is rumored to be pursuing yield spread control strategy - BBG
  • Forex Update: As of 03:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.47% 🇦🇺AUD: 0.32% 🇬🇧GBP: 0.17% 🇨🇦CAD: 0.13% 🇨🇭CHF: 0.10% 🇯🇵JPY: -0.01% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/nhcRxr7b1C
  • 🇯🇵 BoJ Interest Rate Decision Actual: -0.1% Expected: -0.1% Previous: -0.1% https://www.dailyfx.com/economic-calendar#2021-01-21
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in Wall Street are at opposite extremes with 71.30%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/EnXWWQT0l2
  • Bank of Japan: -ETF and J-REIT purchases will be near 12 trillion yen and 180 billion yen, respectively -10-year JGB yield target will stay near zero through necessary purchases of JGBs - QQE w/yield curve control will continue with aim of 2% price stability target $USDJPY
NZD/USD Range Trading Remains in Play

NZD/USD Range Trading Remains in Play

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_nzd-usd_body_nzdusd.png, NZD/USD Range Trading Remains in Play

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

FOREXAnalysis: “As long as price is above 8280, trend is considered constructive towards 8570. An upward sloping trendline intersects 8570 in 2 weeks. The January low at 8195 is the bearish pivot which leaves 8195-8280 as the ‘dead zone’. Those that trade in the ‘dead zone’ are subject to getting chopped up.”

FOREXTrading Strategy: Flat

LEVELS: 8279 8339 8390 8431 8479 8571

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

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