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
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
Gold
Bullish
Oil - US Crude
Bullish
Bitcoin
Bearish
More View more
Real Time News
  • Over the past 30 days, #NZD has been the best performing G10 currencies vs. USD with 1.75% spot-returns while #CAD has been the worst with -0.18%
  • Have you joined @DailyFX @facebook group yet? Discuss your #forex strategies and brush up on your skills with us here: https://t.co/jtY1G7g8yx https://t.co/zSu6vNcTG5
  • #CLP, #BRL and the #ZAR are expected to be the most active Emerging Markets currencies vs #USD with 1-week implied volatilities at 15.43, 12.32 and 11.38 respectively
  • RT @RANsquawk: Asia fails to sustain the momentum from last Friday's record highs on Wall St, with the major indices in the region subdued…
  • (Asia Pacific AM Briefing) Will USD/JPY, AUD/USD and NZD/USD Prices Extend Recent Gains? $USDJPY $AUDUSD $NZDUSD - https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/asia_am_briefing/2019/11/18/Will-USDJPY-AUDUSD-and-NZDUSD-Prices-Extend-Recent-Gains.html?CHID=9&QPID=917702 https://t.co/NGza2qGF5r
  • 🇬🇧 GBP Rightmove House Prices (YoY) (NOV), Actual: 0.3% Expected: N/A Previous: -0.2% https://www.dailyfx.com/economic-calendar#2019-11-18
  • UK’s Rightmove House Prices (YoY) (NOV) Actual: 0.3% Est: N/A Previous: -0.2% #GBP
  • Heads Up:🇬🇧 GBP Rightmove House Prices (YoY) (NOV) due at 00:01 GMT (15min), Actual: N/A Expected: N/A Previous: -0.2% https://www.dailyfx.com/economic-calendar#2019-11-18
  • 🇯🇵 JPY Housing Loans (YoY) (3Q), Actual: 2.9% Expected: N/A Previous: 2.2% https://www.dailyfx.com/economic-calendar#2019-11-17
  • RT @MarketWatch: Hong Kong police storm campus to flush out protesters amid first appearance of Chinese troops https://t.co/cxiw7k9hWR
Forex Analysis: NZD/USD Classic Technical Report 11.16.2012

Forex Analysis: NZD/USD Classic Technical Report 11.16.2012

2012-11-19 08:39:00
Ilya Spivak, Sr. Currency Strategist
Share:

Prices are bouncing from support in the 0.8063-87 area, with the bulls targeting initial resistance at 0.8230 marked by the underside of a previously broken rising channel set from late May.A push above that aims for the 0.83 mark. Alternatively, a drop below support exposes the 0.80 figure and the 50% Fibonacci retracement at 0.7962.

Forex_Analysis_NZDUSD_Classic_Technical_Report_11.16.2012_body_Picture_5.png, Forex Analysis: NZD/USD Classic Technical Report 11.16.2012

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.