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. See our updated Privacy Policy here.

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
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
More View more
Real Time News
  • Amazon Q2 Earnings: -EPS at $15.12, versus $12.28 estimate (23% higher) -Revenue at $113 billion, versus $115 billion estimate (1.7% lower) -Share price tumbled 7% during after-hours trade as the company reported a slight revenue miss and gave weak third-quarter guidance
  • 🇯🇵 Industrial Production YoY Prel (JUN) Actual: 22.6% Previous: 21.1% https://www.dailyfx.com/economic-calendar#2021-07-29
  • 🇯🇵 Retail Sales YoY (JUN) Actual: 0.1% Expected: 0.2% Previous: 8.3% https://www.dailyfx.com/economic-calendar#2021-07-29
  • The S&P 500 and Dow Jones could remain biased higher now that retail investors are back to aggressively shorting them. But, will recent shifts in sentiment materially change the broader outlook? Find out from @ddubrovskyFX here:https://t.co/RPirU4f4sp https://t.co/mY3CcB8c3q
  • Heads Up:🇯🇵 Retail Sales YoY (JUN) due at 23:50 GMT (15min) Expected: 0.2% Previous: 8.2% https://www.dailyfx.com/economic-calendar#2021-07-29
  • Heads Up:🇯🇵 Industrial Production YoY Prel (JUN) due at 23:50 GMT (15min) Previous: 21.1% https://www.dailyfx.com/economic-calendar#2021-07-29
  • 🇯🇵 Unemployment Rate (JUN) Actual: 2.9% Expected: 3% Previous: 3% https://www.dailyfx.com/economic-calendar#2021-07-29
  • The British Pound could remain vulnerable against the US Dollar while perhaps looking to push higher against the Australian Dollar, Canadian Dollar and New Zealand Dollar.Get your market update from @ddubrovskyFX here:https://t.co/9iZa4oE4WQ https://t.co/fT1DNXph5D
  • Heads Up:🇯🇵 Unemployment Rate (JUN) due at 23:30 GMT (15min) Expected: 3% Previous: 3% https://www.dailyfx.com/economic-calendar#2021-07-29
  • RT @KyleR_IG: Reasonably punchy move in $amzn shares in post market trade. https://t.co/E3paeY1rk6 https://t.co/VqgyRTRXY1
NZD/USD Technical Analysis: Kiwi Eyes Double Top Resistance

NZD/USD Technical Analysis: Kiwi Eyes Double Top Resistance

Ilya Spivak, Head Strategist, APAC

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

Talking Points:

  • NZD/USD Technical Strategy: Flat
  • New Zealand Dollar breaks of congestion range, hits highest level in 2 months
  • Waiting on the sidelines for actionable sell signal, passing of RBNZ event risk

The New Zealand Dollar soared to the highest level in two months against its US namesake, breaking out of a congestion range containing prices since early February. The completion of a Flag continuation pattern hints prices are en route to challenge and may break above double-top resistance

Near-term resistance is at 0.6830, the 61.8% Fibonacci expansion, with a break above that on a daily closing basis paving the way for a challenge of double top resistance in the 0.6883-97 area. Alternatively, a reversal below the 50% Fib at 0.6779 sees the next layer of support at 0.6729, the 38.2% expansion.

We expect the dominant NZD/USD down trend to resume, in line with our 2016 fundamental outlook. An actionable selling opportunity is absent however and the RBNZ rate decision represents potent event risk that may materially alter positioning. With that in mind, we will remain on the sidelines for now.

What do DailyFX analysts expect from NZD/USD in 2016? Check out ourforecast!

NZD/USD Technical Analysis: Kiwi Eyes Double Top Resistance

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

DISCLOSURES