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EURGBP 0.8774 0.13%
#AMD 9.98 -1.20%
#IBM 144.95 -1.84%
#S 5.98 0.67%
NZDCAD 0.9198 0.14%
#AMZN 1526.47 -1.96%
#INTC 51.50 -1.32%
#SNE 49.75 0.06%
NZDCHF 0.7021 -0.34%
#AXP 100.76 -1.70%
#IP 53.39 -0.34%
#SPY 266.56 -0.86%
NZDJPY 77.53 -0.49%
#BA 338.65 -0.56%
#JNJ 126.64 -0.77%
#T 34.66 -0.43%
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#BAC 30.24 0.20%
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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 1.2288 -0.45%
GBPUSD 1.3998 -0.61%
USDJPY 107.64 0.17%
USDCHF 0.9749 0.34%
USDCAD 1.2763 0.76%
EURJPY 132.25 -0.26%
EURCHF 1.1979 -0.11%
GBPJPY 150.72 -0.38%
GBPCHF 1.3645 -0.27%
GOLD 1335.08 -0.67%
#AA 60.01 -0.30%
#AAPL 165.79 -4.20%
#ADBE 225.25 -1.04%
#AIG 55.38 0.43%
#AMD 9.98 -1.20%
#AMZN 1526.47 -1.96%
#AXP 100.76 -1.70%
#BA 338.65 -0.56%
#BAC 30.24 0.20%
#BK 55.40 0.32%
#C 69.99 -0.39%
#CAT 153.19 -0.20%
#CL 68.26 -0.12%
#CSCO 44.08 -1.11%
#DIS 100.22 -0.64%
#DWDP 66.01 -0.77%
#EBAY 42.19 0.24%
#F 10.80 -1.30%
#GE 14.52 3.72%
#GOOG 1072.33 -1.44%
#HD 176.97 -0.08%
#HON 150.49 1.45%
#HPQ 21.51 -0.60%
#IBM 144.95 -1.84%
#INTC 51.50 -1.32%
#IP 53.39 -0.34%
#JNJ 126.64 -0.77%
#JPM 111.42 -0.26%
#KHC 58.21 -2.58%
#KO 43.72 -1.30%
#MCD 158.68 -0.52%
#MDLZ 40.11 -2.19%
#MMM 217.67 -0.53%
#MO 57.21 -0.96%
#MRK 58.80 0.32%
#MSFT 94.94 -1.19%
#NG 2.742 2.44%
#NOK 5.94 2.02%
#ORAN 18.10 0.94%
#PFE 36.62 0.30%
#PG 73.92 -1.36%
#QQQ 162.31 -1.62%
#S 5.98 0.67%
#SNE 49.75 0.06%
#SPY 266.56 -0.86%
#T 34.66 -0.43%
#UL 54.13 -1.05%
#UTX 122.98 -0.69%
#VZ 47.90 -1.11%
#WMT 86.96 -1.06%
#XOM 78.98 -0.52%
AUDCAD 0.9785 0.11%
AUDCHF 0.7477 -0.31%
AUDJPY 82.52 -0.45%
AUDUSD 0.7671 -0.65%
CADCHF 0.7633 -0.43%
CADJPY 84.35 -0.53%
CHFJPY 110.33 -0.14%
CRSIDX 10737.3 -0.10%
EURAUD 1.6021 0.18%
EURGBP 0.8774 0.13%
NZDCAD 0.9198 0.14%
NZDCHF 0.7021 -0.34%
NZDJPY 77.53 -0.49%
SILVER 17.09 -0.64%
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