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
Oil - US Crude
Bullish
Wall Street
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
Mixed
GBP/USD
Mixed
USD/JPY
Bearish
More View more
Real Time News
  • IMF World Economic Outlook updates: - US 2021 GDP estimate raised to 5.1% from 3.1% - Euro-area growth estimate cut - Great deal of uncertainty remains around forecasts - Realization of potential downside risks could cause a tightening in financial conditions $EUR $USD
  • IMF World Economic Outlook updates: - Lifts 2021 global outlook on stimulus and vaccines boost - Says global recession shallower than previously expected - Raises 2021 global growth estimates from 5.2% to 5.5% $EEM $USD $URTH
  • 🇭🇺 Deposit Interest Rate (JAN) Actual: -0.05% Expected: -0.05% Previous: -0.05% https://www.dailyfx.com/economic-calendar#2021-01-26
  • 🇭🇺 Interest Rate Decision Actual: 0.6% Expected: 0.6% Previous: 0.6% https://www.dailyfx.com/economic-calendar#2021-01-26
  • Heads Up:🇺🇸 IMF World Economic Outlook due at 13:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-01-26
  • Heads Up:🇭🇺 Deposit Interest Rate (JAN) due at 13:00 GMT (15min) Expected: -0.05% Previous: -0.05% https://www.dailyfx.com/economic-calendar#2021-01-26
  • Heads Up:🇭🇺 Interest Rate Decision due at 13:00 GMT (15min) Expected: 0.6% Previous: 0.6% https://www.dailyfx.com/economic-calendar#2021-01-26
  • The bull flag pattern is a great pattern to add to a forex trader's technical arsenal. Explosive moves are often associated with the bull flag. Learn more about the bull flag pattern here: https://t.co/yOEvLjKnct https://t.co/Xo7WQ5b8l1
  • US Dollar slips with high beta FX hovering at session highs amid results from Regeneron's antibody drug cocktail which prevented 100% of symptomatic infections and cut down asymptomatic infections by a half in interim study
  • Forex liquidity makes it easy for traders to sell and buy currencies without delay, and also creates tight spreads for favorable quotes. Low costs and large scope to various markets make it the most frequently traded market in the world. Learn more here: https://t.co/5uSWKoLkd6 https://t.co/5fpiYso1Cd
NZD/USD Technical Analysis: Eyeing Key Support Above 0.69 Figure

NZD/USD Technical Analysis: Eyeing Key Support Above 0.69 Figure

Ilya Spivak, Head Strategist, APAC

Talking Points:

The New Zealand Dollar continued to push lower against its US namesake as expected after breaking rising trend line support in play since the beginning of the year. Prices have now fallen for seven consecutive sessions, making for the longest losing streak in 10 months.

From here, a daily close below the 0.6952-63 area (100% Fibonacci expansion, June 15 low) opens the door for a test of the 123.6% level at 0.6846. Alternatively, a turn back above support-turned-resistance marked by the October 13 low at 0.7035 paves the way for a challenge of the 61.8% Fib at 0.7124.

The short NZD/USD trade triggered at 0.7095 has hit its initial target at 0.7035 and profit has been taken on half of the position. Remaining exposure has been left open to capture any follow-on weakness. The stop-loss has been adjusted to the breakeven level (0.7095).

See the schedule of upcoming webinars and join us LIVE to follow the financial markets!

NZD/USD Technical Analysis: Eyeing Key Support Above 0.69 Figure

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

DISCLOSURES