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CRSIDX 10066.0 0.10%
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EURAUD 1.4944 -0.03%
#AIG 63.45 0.44%
#HPQ 17.78 -2.08%
#QQQ 138.09 -1.79%
EURGBP 0.8849 0.02%
#AMD 13.38 -5.08%
#IBM 154.88 -0.20%
#S 8.17 2.08%
NZDCAD 0.9566 -0.07%
#AMZN 977.72 -1.62%
#INTC 33.66 -1.19%
#SNE 38.57 -0.23%
NZDCHF 0.6973 -0.01%
#AXP 83.12 0.20%
#IP 56.19 -0.93%
#SPY 241.42 -0.75%
NZDJPY 81.42 -0.06%
#BA 198.99 -0.49%
#JNJ 135.13 -0.91%
#T 37.70 -1.14%
SILVER 16.67 0.06%
#BAC 23.28 1.72%
#JPM 88.06 0.94%
#UL 54.73 -0.13%

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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EURUSD 1.1339 0.03%
GBPUSD 1.2813 0.01%
USDJPY 112.10 -0.08%
USDCHF 0.9601 -0.04%
USDCAD 1.3169 -0.11%
EURJPY 127.12 -0.05%
EURCHF 1.0888 0.00%
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#AXP 83.12 0.20%
#BA 198.99 -0.49%
#BAC 23.28 1.72%
#BK 49.71 0.34%
#C 64.23 0.72%
#CAT 104.02 -0.17%
#CL 43.86 0.14%
#CSCO 31.77 -1.45%
#DD 80.75 -0.50%
#DIS 105.48 -0.04%
#EBAY 34.91 -0.46%
#F 11.07 -0.90%
#GE 27.20 -1.47%
#GOOG 928.66 -2.52%
#HD 152.27 0.58%
#HON 132.95 -0.97%
#HPQ 17.78 -2.08%
#IBM 154.88 -0.20%
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#IP 56.19 -0.93%
#JNJ 135.13 -0.91%
#JPM 88.06 0.94%
#KHC 87.52 -1.60%
#KO 45.04 -0.82%
#MCD 153.85 -0.05%
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#T 37.70 -1.14%
#UL 54.73 -0.13%
#UTX 121.65 -0.17%
#VZ 44.83 -2.01%
#WMT 76.04 0.72%
#XOM 81.12 -0.12%
AUDCAD 0.9992 -0.04%
AUDCHF 0.7287 0.03%
AUDJPY 85.03 -0.01%
AUDUSD 0.7590 0.07%
CADCHF 0.7286 0.07%
CADJPY 85.10 0.04%
CHFJPY 116.65 -0.04%
CRSIDX 10066.0 0.10%
EURAUD 1.4944 -0.03%
EURGBP 0.8849 0.02%
NZDCAD 0.9566 -0.07%
NZDCHF 0.6973 -0.01%
NZDJPY 81.42 -0.06%
SILVER 16.67 0.06%
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