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
Wall Street
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
  • Risk trends is the focus to start this week with the Nasdaq 100 dragging sentiment down through the close of the NY session. My attention is on the Dollar as pairs like $GBPUSD stare down major resistance or reversal:
  • White House monitoring supply shortages in parts of the southeast -BBG
  • 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:
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Gold: -0.01% Silver: -0.02% Oil - US Crude: -0.65% View the performance of all markets via
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.08% 🇦🇺AUD: 0.06% 🇨🇭CHF: 0.06% 🇬🇧GBP: 0.01% 🇳🇿NZD: -0.06% 🇯🇵JPY: -0.06% View the performance of all markets via
  • 🇵🇭 GDP Growth Rate QoQ (Q1) Actual: 0.3% Previous: 5.6%
  • 🇵🇭 GDP Growth Rate YoY (Q1) Actual: -4.2% Expected: -3% Previous: -8.3%
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 88.65%, while traders in Wall Street are at opposite extremes with 77.96%. See the summary chart below and full details and charts on DailyFX:
  • Nasdaq 100 Tumbles on Inflation Fears, Nikkei 225 and ASX 200 May Fall
  • Heads Up:🇵🇭 GDP Growth Rate YoY (Q1) due at 02:00 GMT (15min) Expected: -3% Previous: -8.3%
NZD/USD Technical Analysis: NZ Dollar Rebound May Be Ending

NZD/USD Technical Analysis: NZ Dollar Rebound May Be Ending

Ilya Spivak, Head Strategist, APAC


  • NZ Dollar bounces as expected but gains might be cut short
  • Indecision, early signs of topping might precede a downturn
  • Break of initial support may open the way to test below 0.63

Get help building confidence in your NZD/USD strategy with our free trading guide!

The New Zealand Dollar pushed higher against its US namesake after completing a bullish Head and Shoulders (H&S) chart pattern, as expected. The pair is now testing resistance in the 0.6425-41 area, with a daily close above that exposing former support in the 0.6482-96 zone.

The H&S setup implies extension upward to challenge the latter barrier but sign of indecision have emerged to cast doubt on continued follow-through. The appearance of a Shooting Star candlestick pattern at resistance warns that buyers might be losing their resolve.

New Zealand Dollar vs US Dollar price chart - daily

Daily NZD/USD chart created using TradingView

Zooming in to the four-hour chart seems to reinforce the possibility of a downturn. Prices broke support guiding their week-long upswing while forming a Bearish Engulfing candlestick pattern, which often signals topping. Negative RSI divergence bolsters the case for a downside scenario.

In fact, the pair might be carving out a smaller-scale H&S top with neckline at 0.6398. If confirmed, the setup would initially call for a pullback to challenge resistance-turned-support in the 0.6338-54 area. Falling back below might clear the way to probe back under the 0.63 figure.

New Zealand Dollar vs US Dollar price chart - 4hr

4-hour NZD/USD chart created using TradingView


--- 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.