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
Mixed
USD/JPY
Bullish
Gold
Bullish
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
Oil - US Crude
Mixed
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
Bitcoin
Bearish
More View more
Real Time News
  • S&P: Does not see reason for immediate Pemex downgrade $MXN
  • RT @EdwardLawrence: House Speaker Nancy Pelosi says that even if there is an agreement on USMCA today there may not be enough time to set a…
  • #Oil Price Outlook: #Crude Surges 6% in Two Days – $WTI Resistance Ahead - https://t.co/ruNrRIHJ9m https://t.co/2GuFI5SF1Z
  • $USDCAD: To the upside the 23.6% Fib retracement level at 1.3335 guards the three recent highs around 1.3346-1.3348. Get your market update from @nickcawley1 here:https://t.co/YKysx1Zs4W https://t.co/IO8ygwoekW
  • An interesting technical progression from the $SPX. It is clearing its short-term (10-day) moving average, marginal bearish progress on a close basis but also an 'inside day' https://t.co/b9BAVrh2S6
  • Is the US labor market starting to come under pressure? https://t.co/6NmazVKY0C
  • Pelosi adds that USMCA must be 'more than NAFTA with sugar on top'
  • US House Speaker Nancy Pelosi says that congress is making progress on the #USMCA trade deal $USDCAD $USDMXN
  • Going live in 5 for today's webinar on @IG_US client sentiment Taking a look at $EURUSD today and $USDCAD Join here - https://www.dailyfx.com/webinars/586549347 https://t.co/eaOLnamQGt
  • Forex Update: As of 15:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.21% 🇯🇵JPY: 0.03% 🇬🇧GBP: 0.01% 🇨🇭CHF: -0.10% 🇳🇿NZD: -0.10% 🇦🇺AUD: -0.12% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/HB5Rbvy73F
NZD/USD Classical Technical Report 05.10

NZD/USD Classical Technical Report 05.10

2011-05-10 05:11:00
Joel Kruger, Technical Strategist
Share:
NZDUSD_Classical_body_nzd2.png, NZD/USD Classical Technical Report 05.10

NZD/USD:The latest break below 0.7820 is significant and suggests that a key top is now in place by 0.8120. From here, look for deeper setbacks towards next key support in the 0.7600’s by the 50/100-Day SMAs. The 10-Day SMA looks like it could be on the verge of a negative cross with the 20-Day SMA to further confirm negative outlook, and as such, any intraday rallies from here should be well capped below 0.8000 on a daily close basis. Back above 0.8000 concerns.

Written by Joel Kruger, Technical Currency Strategist for DailyFX.com

If you wish to receive Joel's reports in a more timely fashion, e-mail jskruger@dailyfx.com and you will be added to the "distribution" list.

If you wish to discuss this topic or any other feel free to visit our Forum page

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

DISCLOSURES

News & Analysis at your fingertips.