News & Analysis at your fingertips.

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
Subscribe
Please try again
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
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
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
Gold
Bearish
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • 🇫🇷 Inflation Rate YoY Final (MAR) Actual: 1.1% Expected: 1.1% Previous: 0.6% https://www.dailyfx.com/economic-calendar#2021-04-15
  • The Euro may be set for deeper losses against the British Pound after breaking below near-term chart support, with scope for a move below the 0.83 figure ahead. Get your market update from @IlyaSpivak here:https://t.co/k6Pwvp8x5x https://t.co/HhTR2i3EpL
  • Heads Up:🇫🇷 Inflation Rate YoY Final (MAR) due at 06:45 GMT (15min) Expected: 1.1% Previous: 0.6% https://www.dailyfx.com/economic-calendar#2021-04-15
  • 🇩🇪 Inflation Rate MoM Final (MAR) Actual: 0.5% Expected: 0.5% Previous: 0.7% https://www.dailyfx.com/economic-calendar#2021-04-15
  • 🇩🇪 Inflation Rate YoY Final (MAR) Actual: 1.7% Expected: 1.7% Previous: 1.3% https://www.dailyfx.com/economic-calendar#2021-04-15
  • Heads Up:🇩🇪 Inflation Rate MoM Final (MAR) due at 06:00 GMT (15min) Expected: 0.5% Previous: 0.7% https://www.dailyfx.com/economic-calendar#2021-04-15
  • Heads Up:🇩🇪 Inflation Rate YoY Final (MAR) due at 06:00 GMT (15min) Expected: 1.7% Previous: 1.3% https://www.dailyfx.com/economic-calendar#2021-04-15
  • Heads Up:🇨🇳 FDI (YTD) YoY (MAR) due at 06:00 GMT (15min) Previous: 31.5% https://www.dailyfx.com/economic-calendar#2021-04-15
  • The Indian Rupee rose as the Nifty 50 slightly fell after the RBI left benchmark rates unchanged despite recent weakening inflation and a massive fiscal spending plan. Will USD/INR bounce? Find out from @ddubrovskyFX here:https://t.co/SwufKMOwfQ https://t.co/yJsVT5GPgD
  • Retail traders appear to be reducing long exposure in the Euro after recent gains. This hints that EUR/USD and EUR/JPY may rise in the near term, but could this trend last down the road? Find out from @ddubrovskyFX here:https://t.co/Y1d4DXeKEE https://t.co/sD5elbDCWa
NZD/USD Technical Analysis: Support Above 0.75 Holds Up

NZD/USD Technical Analysis: Support Above 0.75 Holds Up

Ilya Spivak, Head Strategist, APAC

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

Talking Points:

  • NZD/USD Technical Strategy: Flat
  • Support: 0.7521, 0.7452, 0.7384
  • Resistance:0.7606, 0.7702, 0.7743

The New Zealand Dollar turned downward against its US counterpart as expected after forming a bearish Three Inside Down candlestick pattern. Near-term support is at 0.7521, the 38.2% Fibonacci retracement, with a break below that on a daily closing basis exposing the 50% level at 0.7452. Alternatively, a reversal above the 23.6% Fib at 0.7606 opens the door for a test of falling trend line resistance at 0.7702.

Prices are too close to support to justify entering short from a risk/reward perspective. On the other hand, the absence of a defined bullish reversal signal suggests that taking up the long side is premature. With that in mind, we will remain flat for now.

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

NZD/USD Technical Analysis: Support Above 0.75 Holds Up

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