EURUSD 1.0809 -0.49%
#BK 47.09 1.76%
#KHC 91.44 0.25%
#UTX 112.86 0.94%
GBPUSD 1.2451 -0.87%
#C 59.60 2.13%
#KO 42.46 0.38%
#VZ 49.29 0.34%
USDJPY 111.16 0.34%
#CAT 93.09 1.73%
#MCD 129.62 0.13%
#WMT 70.24 0.87%
USDCHF 0.9922 0.67%
#CL 48.36 1.05%
#MDLZ 43.75 0.53%
#XOM 81.81 0.72%
USDCAD 1.3377 -0.07%
#CSCO 34.06 0.21%
#MMM 191.41 0.50%
AUDCAD 1.0207 -0.01%
EURJPY 120.16 -0.15%
#DD 81.84 1.52%
#MO 73.16 0.00%
AUDCHF 0.7572 0.71%
EURCHF 1.0725 0.17%
#DIS 113.19 0.74%
#MRK 63.29 0.17%
AUDJPY 84.79 0.39%
GBPJPY 138.40 -0.52%
#EBAY 33.63 0.65%
#MSFT 65.35 0.41%
AUDUSD 0.7632 0.04%
GBPCHF 1.2352 -0.20%
#F 11.68 1.97%
#NG 3.076 1.46%
CADCHF 0.7412 0.72%
GOLD 1249.54 -0.26%
#GE 29.65 0.78%
#NOK 5.39 -1.11%
CADJPY 83.06 0.40%
#AA 33.04 1.81%
#GOOG 822.30 0.36%
#ORAN 15.84 -0.82%
CHFJPY 111.94 -0.32%
#AAPL 143.86 2.09%
#HD 147.27 0.28%
#PFE 34.19 0.03%
CRSIDX 10155.4 0.00%
#ADBE 128.86 0.47%
#HON 125.48 0.80%
#PG 90.85 0.41%
EURAUD 1.4165 -0.54%
#AIG 62.09 1.84%
#HPQ 17.26 0.41%
#QQQ 131.79 0.74%
EURGBP 0.8680 0.37%
#AMD 13.66 -0.15%
#IBM 174.86 0.62%
#S 8.30 0.24%
NZDCAD 0.9373 -0.55%
#AMZN 856.41 1.14%
#INTC 35.65 0.79%
#SNE 32.45 -0.06%
NZDCHF 0.6951 0.17%
#AXP 78.72 1.45%
#IP 51.01 1.47%
#SPY 235.51 0.83%
NZDJPY 77.88 -0.15%
#BA 177.38 0.73%
#JNJ 125.59 -0.15%
#T 41.56 0.19%
SILVER 18.09 0.33%
#BAC 23.53 2.12%
#JPM 88.81 1.79%
#UL 50.20 -0.16%

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 1.0809 -0.49%
GBPUSD 1.2451 -0.87%
USDJPY 111.16 0.34%
USDCHF 0.9922 0.67%
USDCAD 1.3377 -0.07%
EURJPY 120.16 -0.15%
EURCHF 1.0725 0.17%
GBPJPY 138.40 -0.52%
GBPCHF 1.2352 -0.20%
GOLD 1249.54 -0.26%
#AA 33.04 1.81%
#AAPL 143.86 2.09%
#ADBE 128.86 0.47%
#AIG 62.09 1.84%
#AMD 13.66 -0.15%
#AMZN 856.41 1.14%
#AXP 78.72 1.45%
#BA 177.38 0.73%
#BAC 23.53 2.12%
#BK 47.09 1.76%
#C 59.60 2.13%
#CAT 93.09 1.73%
#CL 48.36 1.05%
#CSCO 34.06 0.21%
#DD 81.84 1.52%
#DIS 113.19 0.74%
#EBAY 33.63 0.65%
#F 11.68 1.97%
#GE 29.65 0.78%
#GOOG 822.30 0.36%
#HD 147.27 0.28%
#HON 125.48 0.80%
#HPQ 17.26 0.41%
#IBM 174.86 0.62%
#INTC 35.65 0.79%
#IP 51.01 1.47%
#JNJ 125.59 -0.15%
#JPM 88.81 1.79%
#KHC 91.44 0.25%
#KO 42.46 0.38%
#MCD 129.62 0.13%
#MDLZ 43.75 0.53%
#MMM 191.41 0.50%
#MO 73.16 0.00%
#MRK 63.29 0.17%
#MSFT 65.35 0.41%
#NG 3.076 1.46%
#NOK 5.39 -1.11%
#ORAN 15.84 -0.82%
#PFE 34.19 0.03%
#PG 90.85 0.41%
#QQQ 131.79 0.74%
#S 8.30 0.24%
#SNE 32.45 -0.06%
#SPY 235.51 0.83%
#T 41.56 0.19%
#UL 50.20 -0.16%
#UTX 112.86 0.94%
#VZ 49.29 0.34%
#WMT 70.24 0.87%
#XOM 81.81 0.72%
AUDCAD 1.0207 -0.01%
AUDCHF 0.7572 0.71%
AUDJPY 84.79 0.39%
AUDUSD 0.7632 0.04%
CADCHF 0.7412 0.72%
CADJPY 83.06 0.40%
CHFJPY 111.94 -0.32%
CRSIDX 10155.4 0.00%
EURAUD 1.4165 -0.54%
EURGBP 0.8680 0.37%
NZDCAD 0.9373 -0.55%
NZDCHF 0.6951 0.17%
NZDJPY 77.88 -0.15%
SILVER 18.09 0.33%
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