EURUSD 1.1757 0.37%
#BK 52.07 0.58%
#KHC 84.50 -0.76%
#UTX 115.38 -0.64%
GBPUSD 1.2873 0.06%
#C 66.56 -0.08%
#KO 45.65 -0.44%
#VZ 47.65 -0.55%
USDJPY 109.19 -0.13%
#CAT 113.90 0.60%
#MCD 157.76 -0.10%
#WMT 79.36 -0.29%
USDCHF 0.9646 0.25%
#CL 48.71 3.61%
#MDLZ 42.95 -1.09%
#XOM 76.62 0.46%
USDCAD 1.2583 -0.81%
#CSCO 30.35 -2.24%
#MMM 203.48 -0.93%
AUDCAD 0.9974 -0.12%
EURJPY 128.40 0.25%
#DD 81.17 0.34%
#MO 63.67 -1.04%
AUDCHF 0.7647 0.92%
EURCHF 1.1344 0.63%
#DIS 100.67 -0.75%
#MRK 61.47 -0.60%
AUDJPY 86.53 0.57%
GBPJPY 140.57 -0.05%
#EBAY 34.77 -0.20%
#MSFT 72.47 0.07%
AUDUSD 0.7928 0.67%
GBPCHF 1.2417 0.31%
#F 10.54 -0.85%
#NG 2.885 -0.97%
CADCHF 0.7661 1.04%
GOLD 1284.16 -0.32%
#GE 24.52 -0.90%
#NOK 6.18 -0.81%
CADJPY 86.75 0.68%
#AA 37.74 -0.05%
#GOOG 910.57 -0.07%
#ORAN 16.76 0.60%
CHFJPY 113.10 -0.37%
#AAPL 157.45 -0.30%
#HD 147.44 -1.59%
#PFE 32.65 -0.92%
CRSIDX 9761.7 0.20%
#ADBE 147.94 -0.18%
#HON 134.88 -0.77%
#PG 92.46 0.39%
EURAUD 1.4839 -0.26%
#AIG 61.33 -0.52%
#HPQ 18.49 -0.76%
#QQQ 141.16 -0.13%
EURGBP 0.9134 0.32%
#AMD 12.36 0.32%
#IBM 139.64 -0.85%
#S 8.07 0.00%
NZDCAD 0.9197 -0.38%
#AMZN 958.39 -0.22%
#INTC 35.00 -0.49%
#SNE 38.76 -0.59%
NZDCHF 0.7051 0.69%
#AXP 85.35 -0.88%
#IP 54.27 0.63%
#SPY 242.65 -0.21%
NZDJPY 79.83 0.34%
#BA 235.75 0.13%
#JNJ 132.61 -0.48%
#T 37.35 -0.72%
SILVER 16.96 -0.35%
#BAC 23.60 -0.13%
#JPM 90.71 0.04%
#UL 57.16 0.24%

NZD/USD Intraday technical levels and trading recommendations for January 11, 2017

11.01.2017 12:54 (UTC +0)

analytics58762a79d2634.png

On November 8, significant signs of a bearish reversal were expressed around the upper limit of the depicted consolidation range (0.7350).

The bearish breakdown of 0.7250 (the lower limit of the depicted range) enhanced the bearish side of the market toward the price level of 0.7100 (recent bottom of October 28) which was broken as well.

Bearish persistence below 0.7100 allowed a quick decline toward 0.6960 (BUY zone) where bullish rejection and a valid BUY entry were expected. All T/P levels were successfully achieved.

Once again, bearish persistence below the price level of 0.7100 enabled the NZD/USD pair to pursue toward lower target levels around 0.6990 (the upper limit of the depicted BUY zone).

The price level of 0.6990 failed to apply enough bullish pressure. Instead, bearish continuation was achieved toward the lower limit of the depicted BUY zone (0.6860) which provided significant bullish rejection on December 23.

The NZD/USD pair was trapped within the depicted price range (0.6860-0.6990) until breakout occurred. That's why, the current bullish breakout above 0.6990 should be maintained and defended by the bulls.

A bullish breakout above 0.6960 will allow the pair to head initially for the price level of 0.7100 where bearish rejection is expected.



Performed by Mohamed Samy, Analytical expert

>> Back to list
FOREX quotes
EURUSD 1.1757 0.37%
GBPUSD 1.2873 0.06%
USDJPY 109.19 -0.13%
USDCHF 0.9646 0.25%
USDCAD 1.2583 -0.81%
EURJPY 128.40 0.25%
EURCHF 1.1344 0.63%
GBPJPY 140.57 -0.05%
GBPCHF 1.2417 0.31%
GOLD 1284.16 -0.32%
#AA 37.74 -0.05%
#AAPL 157.45 -0.30%
#ADBE 147.94 -0.18%
#AIG 61.33 -0.52%
#AMD 12.36 0.32%
#AMZN 958.39 -0.22%
#AXP 85.35 -0.88%
#BA 235.75 0.13%
#BAC 23.60 -0.13%
#BK 52.07 0.58%
#C 66.56 -0.08%
#CAT 113.90 0.60%
#CL 48.71 3.61%
#CSCO 30.35 -2.24%
#DD 81.17 0.34%
#DIS 100.67 -0.75%
#EBAY 34.77 -0.20%
#F 10.54 -0.85%
#GE 24.52 -0.90%
#GOOG 910.57 -0.07%
#HD 147.44 -1.59%
#HON 134.88 -0.77%
#HPQ 18.49 -0.76%
#IBM 139.64 -0.85%
#INTC 35.00 -0.49%
#IP 54.27 0.63%
#JNJ 132.61 -0.48%
#JPM 90.71 0.04%
#KHC 84.50 -0.76%
#KO 45.65 -0.44%
#MCD 157.76 -0.10%
#MDLZ 42.95 -1.09%
#MMM 203.48 -0.93%
#MO 63.67 -1.04%
#MRK 61.47 -0.60%
#MSFT 72.47 0.07%
#NG 2.885 -0.97%
#NOK 6.18 -0.81%
#ORAN 16.76 0.60%
#PFE 32.65 -0.92%
#PG 92.46 0.39%
#QQQ 141.16 -0.13%
#S 8.07 0.00%
#SNE 38.76 -0.59%
#SPY 242.65 -0.21%
#T 37.35 -0.72%
#UL 57.16 0.24%
#UTX 115.38 -0.64%
#VZ 47.65 -0.55%
#WMT 79.36 -0.29%
#XOM 76.62 0.46%
AUDCAD 0.9974 -0.12%
AUDCHF 0.7647 0.92%
AUDJPY 86.53 0.57%
AUDUSD 0.7928 0.67%
CADCHF 0.7661 1.04%
CADJPY 86.75 0.68%
CHFJPY 113.10 -0.37%
CRSIDX 9761.7 0.20%
EURAUD 1.4839 -0.26%
EURGBP 0.9134 0.32%
NZDCAD 0.9197 -0.38%
NZDCHF 0.7051 0.69%
NZDJPY 79.83 0.34%
SILVER 16.96 -0.35%
Powered by CorsaCapital
New York UTC -4
London UTC +1
Moscow UTC +3
Tokyo UTC +9