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.



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
Oil - US Crude
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
More View more
Real Time News
  • The Nasdaq 100 index has likely formed an inverse “Head and Shoulders” pattern, which is typically viewed as a bullish trend reversal indicator. Prices may advance further to challenge their all-time highs. Get your market update from @margaretyjy here:
  • Earnings season begins this week with the arrival of quarterly reports from the country’s largest banks. Can they shrug off losses from the recent Archegos blowup and rally higher or will risk aversion take root? Market update from @PeterHanksFX here:
  • Traders focus a lot of their energy on spotting the perfect time to enter a trade. While this is important, it is ultimately where traders choose to exit trades that will determine success. Learn about the three types of trading exit strategies here:
  • Trading bias allows traders to make informative decisions when dealing in the market. This relates to both novice and experienced traders alike. Start learning how you may be able to make more informed decisions here:
  • What suits your style of trading stocks or commodities? Find out what are the differences in these two markets here:
  • Forex quotes reflect the price of different currencies at any point in time. Since a trader’s profit or loss is determined by movements in price, it is essential to develop a sound understanding of how to read currency pairs. Learn how to read quotes here:
  • The non-farm payroll (NFP) figure is a key economic indicator for the United States economy. It is also referred to as the monthly market mover. Find out why it has been given this nickname here:
  • Looking for a new way to trade reversals? One of the most used reversal candle patterns is known as the Harami. Like most candlestick formation patterns, the Harami tells a story about sentiment in the market. Get better with trading reversals here:
  • It’s important for traders to be familiar with FX spreads as they are the primary cost of trading currencies. Understand a pair's spread here:
  • The British Pound is giving back some of its multi-month gains with some pairs testing notable support despite a positive fundamental backdrop. Get your market update from @nickcawley1 here:
NZD/USD Technical Analysis: Sellers Take Aim at August Lows

NZD/USD Technical Analysis: Sellers Take Aim at August Lows

Ilya Spivak, Head Strategist, APAC

NZD/USD Technical Strategy: Short at 0.6680

  • New Zealand Dollar down trend vs USD looks to be back in play
  • Signs of indecision were followed by counter-trend support break
  • Short position activated, initially targeting August swing bottom

See our free trading guide to help build confidence in your NZD/USD trading strategy!

The New Zealand Dollar looks to be resuming the four-month downtrend against its US counterpart after a tepid rebound ran out of steam, as expected. Disappointing economic data emerged as a near-term catalyst as ANZ bank said its gauge of business confidence has dropped to the lowest in ten years.

The four-hour chart reveals signs of ebbing upside momentum telegraphed in negative RSI divergence on a retest support-turned-resistance. This is followed by a break of countertrend line support established the mid-August swing bottom, suggesting sellers have retaken the initiative.

NZD/USD Technical Analysis: Sellers Take Aim at August Lows

Turning to the daily chart, the first layer of significant support looks to be in the 0.6545-60 area. A daily close below that opens the door for a test of the 38.2% Fibonacci expansion at 0.6402. Alternatively, reversal above support-turned-resistance at 0.6726 exposes the 0.6851-70 zone (May 16 low, 38.2% Fib retracement).

New Zealand Dollar vs US Dollar Chart - daily

A short NZD/USD position was activated at 0.6680, initially targeting 0.6560. A stop-loss will be activated on a daily close above 0.6726. Opportunities to add to exposure will be evaluated after the trade’s initial objective has been achieved.


--- Written by Ilya Spivak, Currency Strategist for

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

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