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
More View more
Real Time News
  • US #NaturalGas futures (Henry Hub) shoot past 6USD during Tuesday's Asia-Pacific trading session (though prices have trimmed most gains), nearing the 2014 high Prices have climbed over 37% since September 23rd
  • WTI #CrudeOil prices extend gains during Tuesday's Asia-Pacific trading session, nearing the July high at 76.95 Prices are up almost 0.9% on the day so far
  • The Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Learn more about the Fed here:
  • Brent oil prices hit $80 per barrel for the first time since October 2018 #trading #OOTT
  • Implementing a trading checklist is a vital part of the trading process because it helps traders to stay disciplined, stick to the trading plan, and builds confidence. Learn how to stick to the plan, stay disciplined, and use a checklist here:
  • This week has started with the recovery rally in risk assets stalled and the Dollar looking down multiple barrels of fundamental threat in monetary policy and debt politics. $EURUSD is well positioned as indicator 1.1650-1.1750
  • Risk management is one of the most important aspects of successful trading, but is often overlooked. What are some basic principles or risk management? Find out from @PaulRobinsonFX here:
  • AUD/NZD, Could This be the Turnaround? - #AUDNZD chart on @TradingView
  • Another pleasure being on @ausbiztv with host @AusAndrewG talking about US indices, rising bond yields and $USDJPY Check out the full interview here! -
  • 🇦🇺 Retail Sales MoM Prel (AUG) Actual: -1.7% Previous: -2.7%
NZDUSD Chart Analysis: Sellers Threaten 17-Year Trend Support

NZDUSD Chart Analysis: Sellers Threaten 17-Year Trend Support

Ilya Spivak, Head Strategist, APAC

NZDUSD Technical Strategy: BEARISH

  • NZD recovery falters at chart resistance, prices sink back to late-May low
  • Break of immediate support exposes 2018 low, resistance just below 0.66
  • Long-term direction change may be triggered on 17-year trendline break

See our free trading guide to help build confidence in your NZDUSD trading strategy!

The New Zealand Dollar lost upside momentum against its US counterpart upon testing a dense resistance bloc running upward through 0.6727, as expected. The currency has now erased all of the upswing from late-May lows and rests atop familiar support in the 0.6476-0.6501 area.

Breaking below this boundary on a daily closing basis initially opens the door for a challenge of the October 8 swing bottom at 0.6425. Immediate resistance is in the 0.6575-91 zone, with a reversal back above that putting the lower bound of the 0.6727-topped resistance bloc at 0.6653 back in the spotlight.

NZDUSD price chart - daily

Zooming out to the monthly chart reveals NZDUSD sellers to be threatening much more than just the latest swing low. The pair appears to be sitting squarely atop 17-year rising trend support. A breakdown here would mark a tectonic shift in the underlying directional bias, setting the stage for lasting weakness to come.

NZDUSD price chart - monthly


--- 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.