EURUSD 1.1744 -0.09%
#BK 52.95 -0.15%
#KHC 76.70 0.04%
#UTX 121.04 0.16%
GBPUSD 1.3187 -0.02%
#C 73.85 0.50%
#KO 46.51 0.37%
#VZ 49.55 0.12%
USDJPY 113.69 -0.31%
#CAT 131.32 0.07%
#MCD 165.14 -0.64%
#WMT 88.09 0.79%
USDCHF 0.9857 0.00%
#CL 51.97 -0.25%
#MDLZ 40.98 -0.07%
#XOM 83.31 0.31%
USDCAD 1.2644 0.06%
#CSCO 34.46 0.64%
#MMM 222.22 0.48%
AUDCAD 0.9865 0.06%
EURJPY 133.54 -0.40%
#DD 84.53 0.00%
#MO 64.76 -0.31%
AUDCHF 0.7693 0.00%
EURCHF 1.1577 -0.08%
#DIS 98.85 -0.50%
#MRK 64.37 0.82%
AUDJPY 88.67 -0.32%
GBPJPY 149.92 -0.33%
#EBAY 37.08 -1.29%
#MSFT 78.94 0.27%
AUDUSD 0.7804 -0.01%
GBPCHF 1.2998 -0.02%
#F 12.13 0.41%
#NG 2.996 0.40%
CADCHF 0.7791 -0.06%
GOLD 1273.59 -0.07%
#GE 22.61 -5.22%
#NOK 6.05 -0.33%
CADJPY 89.88 -0.38%
#AA 47.95 0.06%
#GOOG 975.67 -1.23%
#ORAN 16.04 0.25%
CHFJPY 115.23 -0.31%
#AAPL 156.11 0.01%
#HD 165.56 1.38%
#PFE 36.66 0.76%
CRSIDX 9952.9 0.30%
#ADBE 172.12 -1.96%
#HON 145.82 0.32%
#PG 87.46 -0.86%
EURAUD 1.5051 -0.08%
#AIG 65.20 0.46%
#HPQ 22.20 0.90%
#QQQ 148.25 -0.24%
EURGBP 0.8905 -0.06%
#AMD 14.05 1.78%
#IBM 161.25 -0.51%
#S 6.97 1.00%
NZDCAD 0.8802 0.41%
#AMZN 970.16 -1.31%
#INTC 40.75 0.91%
#SNE 37.53 0.00%
NZDCHF 0.6860 0.32%
#AXP 92.54 0.58%
#IP 58.05 -0.21%
#SPY 257.01 0.04%
NZDJPY 79.14 0.04%
#BA 264.15 -0.16%
#JNJ 143.93 1.19%
#T 35.49 0.03%
SILVER 16.88 -0.39%
#BAC 27.26 0.48%
#JPM 99.75 0.36%
#UL 54.41 -0.62%

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

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FOREX quotes
EURUSD 1.1744 -0.09%
GBPUSD 1.3187 -0.02%
USDJPY 113.69 -0.31%
USDCHF 0.9857 0.00%
USDCAD 1.2644 0.06%
EURJPY 133.54 -0.40%
EURCHF 1.1577 -0.08%
GBPJPY 149.92 -0.33%
GBPCHF 1.2998 -0.02%
GOLD 1273.59 -0.07%
#AA 47.95 0.06%
#AAPL 156.11 0.01%
#ADBE 172.12 -1.96%
#AIG 65.20 0.46%
#AMD 14.05 1.78%
#AMZN 970.16 -1.31%
#AXP 92.54 0.58%
#BA 264.15 -0.16%
#BAC 27.26 0.48%
#BK 52.95 -0.15%
#C 73.85 0.50%
#CAT 131.32 0.07%
#CL 51.97 -0.25%
#CSCO 34.46 0.64%
#DD 84.53 0.00%
#DIS 98.85 -0.50%
#EBAY 37.08 -1.29%
#F 12.13 0.41%
#GE 22.61 -5.22%
#GOOG 975.67 -1.23%
#HD 165.56 1.38%
#HON 145.82 0.32%
#HPQ 22.20 0.90%
#IBM 161.25 -0.51%
#INTC 40.75 0.91%
#IP 58.05 -0.21%
#JNJ 143.93 1.19%
#JPM 99.75 0.36%
#KHC 76.70 0.04%
#KO 46.51 0.37%
#MCD 165.14 -0.64%
#MDLZ 40.98 -0.07%
#MMM 222.22 0.48%
#MO 64.76 -0.31%
#MRK 64.37 0.82%
#MSFT 78.94 0.27%
#NG 2.996 0.40%
#NOK 6.05 -0.33%
#ORAN 16.04 0.25%
#PFE 36.66 0.76%
#PG 87.46 -0.86%
#QQQ 148.25 -0.24%
#S 6.97 1.00%
#SNE 37.53 0.00%
#SPY 257.01 0.04%
#T 35.49 0.03%
#UL 54.41 -0.62%
#UTX 121.04 0.16%
#VZ 49.55 0.12%
#WMT 88.09 0.79%
#XOM 83.31 0.31%
AUDCAD 0.9865 0.06%
AUDCHF 0.7693 0.00%
AUDJPY 88.67 -0.32%
AUDUSD 0.7804 -0.01%
CADCHF 0.7791 -0.06%
CADJPY 89.88 -0.38%
CHFJPY 115.23 -0.31%
CRSIDX 9952.9 0.30%
EURAUD 1.5051 -0.08%
EURGBP 0.8905 -0.06%
NZDCAD 0.8802 0.41%
NZDCHF 0.6860 0.32%
NZDJPY 79.14 0.04%
SILVER 16.88 -0.39%
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