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.



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

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
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
  • This 👇
  • $USDJPY has spanned its full, tight range. The has slightly broadened its smallest 30-day trading range (as a ratio of spot) on record. Serious breakout candidate should a firm risk or Fed rate speculation wind come through
  • Seems this once-Hawkish view from Cleveland Fed President Loretta Mester is becoming the consensus for the FOMC
  • - Supports November taper - Still some distance from maximum employment goal needed for raising rates
  • Fed's Mester - Economy has met substantial further progress bar for taper - On inflation bar for raising rates has largely been met - Expect conditions for first rate hike to be met by end of next year
  • Heads Up:🇬🇧 BoE Tenreyro Speech due at 13:00 GMT (15min)
  • Do you know how to properly Identify a double top formation? Double tops can enhance technical analysis when trading both forex or stocks, making the pattern highly versatile in nature. Learn more about the double top formation here:
  • Credit Suisse dumped Evergrande exposure on risk fears - FT
  • RT @onlyyoontv: #China central bank declares #virtualcurrency-related business activities as illegal. No legal tender/crypto exchange; exch…
  • GDP (Gross Domestic Product) economic data is deemed highly significant in the forex market. GDP figures are used as an indicator by fundamentalists to gauge the overall health and potential growth of a country. Learn use GDP data to your advantage here:
NZD/USD Technical Analysis: 5-Day Win Streak Broken. Now What?

NZD/USD Technical Analysis: 5-Day Win Streak Broken. Now What?

Ilya Spivak, Head Strategist, APAC

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

NZD/USD Technical Strategy: Flat

  • New Zealand Dollar stalls at familiar resistance, ending 5-day win streak
  • Pullback conspicuously leaves near-term uptrend, former resistance intact
  • Further confirmation needed to make for an actionable trade opportunity

The New Zealand Dollar stalled at familiar resistance below the 0.75 figure against its US counterpart, ending an explosive five-day rally. Prices are yet to break the near-term series of higher highs and lows however. The pullback also conspicuously stopped short of breaking former resistance, hinting it may be corrective.

From here, a daily close below falling trend line resistance-turned-support, now at 0.7375, may open the door for a larger downturn and ultimately expose the 38.2% Fibonacci retracement at 0.7186 for another test. Alternatively, a daily close above 0.7434 (September 20 high) targets the 50% Fib expansion at 0.7505.

Taking the short side seems premature absent confirmation of reversal, particularly considering the fundamental headwinds still facing the US Dollar. At the same time, proximity to resistance argues against entering long on risk/reward grounds. With that in mind, standing aside appears most sensible for now.

Have a question about trading NZD/USD? Join a Trading Q&A webinar and have it answered live!

NZD/USD Technical Analysis: 5-Day Win Streak Broken. Now What?

--- Written by Ilya Spivak, Currency Strategist for

To contact Ilya, use the comments section below or @IlyaSpivak on Twitter

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

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