EURUSD 1.0574 -0.33%
#BK 47.11 0.00%
#KHC 96.53 0.00%
#UTX 112.09 0.00%
GBPUSD 1.2434 -0.30%
#C 60.14 0.00%
#KO 41.19 0.00%
#VZ 49.19 0.00%
USDJPY 113.47 0.20%
#CAT 98.83 0.00%
#MCD 127.76 0.00%
#WMT 69.34 0.00%
USDCHF 1.0059 0.27%
#CL 53.70 0.17%
#MDLZ 42.50 0.00%
#XOM 81.71 0.00%
USDCAD 1.3145 0.30%
#CSCO 33.71 0.00%
#MMM 182.93 0.00%
AUDCAD 1.0067 -0.04%
EURJPY 120.00 -0.13%
#DD 77.45 0.00%
#MO 72.91 0.00%
AUDCHF 0.7706 -0.08%
EURCHF 1.0638 -0.05%
#DIS 110.01 0.00%
#MRK 65.38 0.00%
AUDJPY 86.87 -0.16%
GBPJPY 141.08 -0.10%
#EBAY 33.75 0.00%
#MSFT 64.60 0.00%
AUDUSD 0.7661 -0.35%
GBPCHF 1.2507 -0.02%
#F 12.56 0.00%
#NG 2.775 0.18%
CADCHF 0.7647 -0.05%
GOLD 1233.50 -0.28%
#GE 30.35 0.00%
#NOK 5.03 0.00%
CADJPY 86.29 -0.12%
#AA 36.20 0.00%
#GOOG 827.79 0.00%
#ORAN 15.35 0.00%
CHFJPY 112.70 -0.08%
#AAPL 135.61 0.00%
#HD 142.88 0.00%
#PFE 33.61 0.00%
CRSIDX 10020.8 0.10%
#ADBE 119.62 0.00%
#HON 124.50 0.00%
#PG 91.03 0.00%
EURAUD 1.3807 0.02%
#AIG 62.49 0.00%
#HPQ 15.93 0.00%
#QQQ 129.79 0.00%
EURGBP 0.8503 -0.04%
#AMD 13.11 0.00%
#IBM 180.65 0.00%
#S 9.29 0.00%
NZDCAD 0.9397 0.01%
#AMZN 844.52 0.00%
#INTC 36.46 0.00%
#SNE 31.32 0.00%
NZDCHF 0.7189 -0.04%
#AXP 79.69 0.00%
#IP 52.13 0.00%
#SPY 235.03 0.00%
NZDJPY 81.11 -0.10%
#BA 172.68 0.00%
#JNJ 118.83 0.00%
#T 41.46 0.00%
SILVER 17.95 -0.39%
#BAC 24.49 0.00%
#JPM 90.18 0.00%
#UL 48.52 0.00%

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 1.0574 -0.33%
GBPUSD 1.2434 -0.30%
USDJPY 113.47 0.20%
USDCHF 1.0059 0.27%
USDCAD 1.3145 0.30%
EURJPY 120.00 -0.13%
EURCHF 1.0638 -0.05%
GBPJPY 141.08 -0.10%
GBPCHF 1.2507 -0.02%
GOLD 1233.50 -0.28%
#AA 36.20 0.00%
#AAPL 135.61 0.00%
#ADBE 119.62 0.00%
#AIG 62.49 0.00%
#AMD 13.11 0.00%
#AMZN 844.52 0.00%
#AXP 79.69 0.00%
#BA 172.68 0.00%
#BAC 24.49 0.00%
#BK 47.11 0.00%
#C 60.14 0.00%
#CAT 98.83 0.00%
#CL 53.70 0.17%
#CSCO 33.71 0.00%
#DD 77.45 0.00%
#DIS 110.01 0.00%
#EBAY 33.75 0.00%
#F 12.56 0.00%
#GE 30.35 0.00%
#GOOG 827.79 0.00%
#HD 142.88 0.00%
#HON 124.50 0.00%
#HPQ 15.93 0.00%
#IBM 180.65 0.00%
#INTC 36.46 0.00%
#IP 52.13 0.00%
#JNJ 118.83 0.00%
#JPM 90.18 0.00%
#KHC 96.53 0.00%
#KO 41.19 0.00%
#MCD 127.76 0.00%
#MDLZ 42.50 0.00%
#MMM 182.93 0.00%
#MO 72.91 0.00%
#MRK 65.38 0.00%
#MSFT 64.60 0.00%
#NG 2.775 0.18%
#NOK 5.03 0.00%
#ORAN 15.35 0.00%
#PFE 33.61 0.00%
#PG 91.03 0.00%
#QQQ 129.79 0.00%
#S 9.29 0.00%
#SNE 31.32 0.00%
#SPY 235.03 0.00%
#T 41.46 0.00%
#UL 48.52 0.00%
#UTX 112.09 0.00%
#VZ 49.19 0.00%
#WMT 69.34 0.00%
#XOM 81.71 0.00%
AUDCAD 1.0067 -0.04%
AUDCHF 0.7706 -0.08%
AUDJPY 86.87 -0.16%
AUDUSD 0.7661 -0.35%
CADCHF 0.7647 -0.05%
CADJPY 86.29 -0.12%
CHFJPY 112.70 -0.08%
CRSIDX 10020.8 0.10%
EURAUD 1.3807 0.02%
EURGBP 0.8503 -0.04%
NZDCAD 0.9397 0.01%
NZDCHF 0.7189 -0.04%
NZDJPY 81.11 -0.10%
SILVER 17.95 -0.39%
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