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
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
GBP/USD
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
USD/JPY
Mixed
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
Bullish
Bitcoin
Bearish
More View more
Real Time News
  • 🇺🇸 USD U. of Mich. Sentiment (NOV F), Actual: 96.8 Expected: 95.7 Previous: 95.7 https://www.dailyfx.com/economic-calendar#2019-11-22
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.68%, while traders in France 40 are at opposite extremes with 80.07%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/18Gcj2mgVl
  • German Finance Minister Scholz says no expectations for EU deficit rules to change $EUR
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Gold: 0.14% Silver: -0.04% Oil - US Crude: -0.48% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/coQYpif2bb
  • $USD https://t.co/DkP4VUiBVK
  • RT @Reuters: China's Xi says he wants to work out initial trade deal with U.S. https://t.co/jNihU0lJOH https://t.co/a7zmxAGKOk
  • 🇺🇸 USD Markit US Composite PMI (NOV P), Actual: 51.9 Expected: N/A Previous: 50.9 https://www.dailyfx.com/economic-calendar#2019-11-22
  • Any pull-back in $EURGBP will initially target Monday’s multi-month low at 0.85220 ahead of May’s low at 0.84907 and the late-March low print at 0.84725. Get your market update from @nickcawley1 here: https://t.co/eVFzZ5rzHU https://t.co/BxPRFSn5wl
  • 🇺🇸 USD Markit US Manufacturing PMI (NOV P), Actual: 52.2 Expected: 51.4 Previous: 51.3 https://www.dailyfx.com/economic-calendar#2019-11-22
  • 🇺🇸 USD Markit US Services PMI (NOV P), Actual: 51.6 Expected: 51.0 Previous: 50.6 https://www.dailyfx.com/economic-calendar#2019-11-22
Forex Analysis: NZD/USD Classic Technical Report 11.14.2012

Forex Analysis: NZD/USD Classic Technical Report 11.14.2012

2012-11-14 10:52:00
Ilya Spivak, Sr. Currency Strategist
Share:

Prices broke below rising channel support set from late May, exposing the 23.6% Fibonacci retracement at 0.8113. A breach of this level exposes the 38.2% Fib at 0.7964. Channel support-turned-resistance is now at 0.8208, with a reversal back above that aiming for long-term trend line resistance now at 0.8320.

Forex_Analysis_NZDUSD_Classic_Technical_Report_11.14.2012_body_Picture_5.png, Forex Analysis: NZD/USD Classic Technical Report 11.14.2012

Daily Chart - Created Using FXCM Marketscope 2.0

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

To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak

To be added to Ilya's e-mail distribution list, please CLICK HERE

New to FX? Watch this Video. For live market updates, visit the Real Time News Feed

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

DISCLOSURES

News & Analysis at your fingertips.