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
GBP/USD
Bullish
USD/JPY
Bullish
Gold
Mixed
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
Bullish
More View more
Real Time News
  • Overnight Swaps are pricing an 86.3% chance for a rate cut at this month's FOMC meeting, up from 70.8% on October 11th https://t.co/ar8226G3d6
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.63% 🇬🇧GBP: 0.60% 🇦🇺AUD: 0.48% 🇨🇭CHF: 0.38% 🇯🇵JPY: 0.24% 🇨🇦CAD: 0.07% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/7GWKbphTfk
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Silver: -0.01% Oil - US Crude: -0.06% Gold: -0.11% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/LAohxUnpzL
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.25%, while traders in US 500 are at opposite extremes with 76.83%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/uD1LC7SsrP
  • #Euro continues to play catch up with $GBP surge as demand for the currency remains relatively firm. Get your market update from @JMcQueenFX here: https://t.co/j5Zc0CsIAu https://t.co/A6f5s3S15N
  • $EURUSD Daily Pivot Points: S3: 1.0961 S2: 1.036 S1: 1.0082 R1: 1.1157 R2: 1.1186 R3: 1.1261 https://www.dailyfx.com/pivot-points?ref=SubNav?utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • The Fitch credit rating agency maintains the United Kingdom's 'AA' rating as well as its 'Negative Watch'
  • Fed Fund futures are pricing in a 89% percent chance of a third consecutive rate cut at the Oct 30 FOMC meeting. Two cuts in a row, claiming it isn't a policy bearing is a serious stretch. Three and attempting to make that claim deserves a temporary hold in a mental ward
  • US Equities Update (Friday Close): $DJI -0.94% $SPX -0.40% $NDX -0.93% $RTY -0.50% $VIX +4.21%
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: US 500: 0.03% Wall Street: 0.03% Germany 30: 0.02% France 40: -0.00% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/kIxqMquPxE
Forex: NZD/USD Technical Analysis – Channel Top Under Fire

Forex: NZD/USD Technical Analysis – Channel Top Under Fire

2013-12-09 07:42:00
Ilya Spivak, Sr. Currency Strategist
Share:

To receive Ilya's analysis directly via email, please SIGN UP HERE

Talking Points

  • Prices are testing resistance at 0.8313 (50% Fib ret., falling channel top)
  • A break higher initially targets 0.8368 (61.8% Fib retracement)
  • Turning below support at 0.8259 (38.2% Fib) aims for 0.8192 (23.6% Fib)

Confirm your chart-based trade setups with the Technical Analyzer.

dailyclassics_nzd-usd_body_Picture_11.png, Forex: NZD/USD Technical Analysis – Channel Top Under Fire

Daily Chart - Created Using FXCM Marketscope 2.0

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

Contact and follow Ilya on Twitter: @IlyaSpivak

New to FX? START HERE

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.