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.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
EUR/USD
Mixed
Oil - US Crude
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
Wall Street
Mixed
Gold
Bearish
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
More View more
Breaking news

ECB leaves monetary policy unchanged

Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.01%, while traders in EUR/USD are at opposite extremes with 72.37%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/hq8WWwEKXP
  • Bitcoin Price Outlook - via @DailyFX $BTC chart coiled like a spring set to snap; potential pennant pattern breakout and Bollinger Band expansion in focus. Details at Link - https://www.dailyfx.com/forex/market_alert/2020/07/16/btc-price-outlook-bitcoin-chart-coiled-pennant-breakout-eyed.html #Bitcoin #Trading #Crypto #TechnicalAnalysis #Blockchain https://t.co/LYDdO726ij
  • Indices Update: As of 18:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.12% France 40: 0.04% Germany 30: 0.03% US 500: -0.62% Wall Street: -0.74% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/hLhW1Z3eWS
  • Many thanks everyone for helping me reach 4,000 followers. Much appreciated...
  • Fed's Evans: Supports 'in it to win it' policies - BBG
  • The tone of the July ECB press conference was cautiously optimistic, with ECB President Christine Lagarde stressing that an “ambitious and coordinated fiscal stance remains critical.”Get your market update from @CVecchioFX here:https://t.co/YBsFE5gPdW https://t.co/RJqUacF6Ve
  • Fed's Evans says hitting 2% inflation target is very important - BBG
  • Fed's Evans says spread of COVID-19 will likely hold consumer activity down $DXY $SPX
  • Heads Up:🇺🇸 Fed Evans Speech due at 17:30 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-07-16
  • US Dollar Price Action Setups: EUR/USD, GBP/USD, AUD/USD https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2020/07/16/US-Dollar-Price-Action-USD-EURUSD-EUR-USD-GBP-USD-AUD-USD-JS.html $USD $EURUSD $GBPUSD $AUDUSD
NZD/USD Technical Analysis: Selloff Extends for 7th Day

NZD/USD Technical Analysis: Selloff Extends for 7th Day

2015-01-26 23:45:00
Ilya Spivak, Head Strategist, APAC
Share:

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

Talking Points:

  • NZD/USD Technical Strategy:Short at 0.7783
  • Support: 0.7420, 0.7275, 0.7130
  • Resistance:0.7524, 0.7599, 0.7680

The New Zealand Dollar fell against its US namesake as expected, with sellers attempting to clear a path beyond the 0.73 figure. A daily close below the 38.2% Fibonacci expansion at 0.7420 exposes the 38.2% level at 0.7275. Alternatively, a move above channel floor support-turned-resistance at 0.7524 opens the door for a challenge of the 23.6% Fib at 0.7599.

We entered short NZDUSD at 0.7783 and have subsequently booked profits on half of the position. The remainder of the position remains open to capture continued downside momentum. The stop-loss is now at the breakeven level (0.7783).

Add these technical levels directly to your charts with our Support/Resistance Wizard app!

NZD/USD Technical Analysis: Selloff Extends for 7th Day

Daily Chart - Created Using FXCM Marketscope

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

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

DISCLOSURES

News & Analysis at your fingertips.