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
Mixed
GBP/USD
Bullish
USD/JPY
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
Gold
Bullish
Oil - US Crude
Bullish
Bitcoin
Bearish
More View more
Real Time News
  • How can you be a part-time trade? Get your tips on workflow and strategy here with@WVenketas: https://t.co/b8ywNOOgx9 #tradingstyle https://t.co/wk8PAE4uNv
  • Join @ZabelinDimitri 's #webinar at 11:30 PM ET/4:30 AM GMT to find out how geopolitical risk will affect the markets in the week ahead. Register here: https://t.co/hsULxMNOtM https://t.co/29mp0J5bys
  • Commodities Update: As of 03:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.03% Gold: -0.17% Silver: -0.25% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/5vlrajdMNh
  • Over the past 30 days, #NZD, #SEK and the #AUD have been the best performing G10 currencies vs. USD with +1.87%, 1.70% and 1.03% total returns.
  • Forex Update: As of 03:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.18% 🇪🇺EUR: 0.07% 🇨🇦CAD: 0.03% 🇯🇵JPY: -0.03% 🇳🇿NZD: -0.05% 🇦🇺AUD: -0.06% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/qf00nTj6Hd
  • LIVE NOW: Join Senior Strategist @IlyaSpivak as he discusses the outlook for the financial markets in the week ahead! Register here: https://www.dailyfx.com/webinars/889679267?CHID=9&QPID=917720
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.80%, while traders in France 40 are at opposite extremes with 87.38%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/ajip0jMeD9
  • LIVE IN 30 MIN: Join Senior Strategist @IlyaSpivak as he discusses the outlook for the financial markets in the week ahead! Register here: https://www.dailyfx.com/webinars/889679267?CHID=9&QPID=917720
  • Tune in to @IlyaSpivak 's #webinar at 10:00 PM ET/3:00 AM GMT for insight on the cross market weekly outlook. Register here: https://t.co/E213bTtq5C https://t.co/EhPTrzvjdH
  • Since late July, the economic news flow from Sweden has been under-performing relative to economists’ expectations however there has been some improvement since early October. -Citi #SEK
NZD/USD Sits on 3 Month Trendline Support

NZD/USD Sits on 3 Month Trendline Support

2014-05-19 16:58:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Daily

NZD/USD Sits on 3 Month Trendline Support

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses

-“Don’t forget about the line that extends off of the 1996 and 2007 highs. That line crosses through the 2008 and 2011 highs as well. In 2011 (record free float high), the rate surged through the line in late July before topping on August 1st.” That line on the chart is the dashed line and the rate reversed from there last week. This is a great way to make a top.

-RSI (daily) exhibits divergence and the indicator is below 70 (at the peak). A break of .8600 would go a long way in suggesting that the rate has topped.

LEVELS: .8516 .8543 .8615 | .8649 .8671 .8740

--Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.

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

DISCLOSURES

News & Analysis at your fingertips.