EURUSD 1.1215 0.34%
#BK 46.95 -0.13%
#KHC 92.56 0.77%
#UTX 122.05 0.05%
GBPUSD 1.2968 0.09%
#C 62.25 0.93%
#KO 45.01 1.42%
#VZ 45.02 -0.98%
USDJPY 111.49 -0.39%
#CAT 103.92 0.25%
#MCD 149.47 1.14%
#WMT 78.14 -0.38%
USDCHF 0.9732 -0.30%
#CL 51.28 -0.29%
#MDLZ 46.10 0.15%
#XOM 82.29 -0.32%
USDCAD 1.3408 -0.85%
#CSCO 31.47 -0.89%
#MMM 197.47 -0.10%
AUDCAD 1.0056 -0.41%
EURJPY 125.08 -0.06%
#DD 78.35 1.34%
#MO 72.84 0.99%
AUDCHF 0.7302 0.15%
EURCHF 1.0917 0.04%
#DIS 107.71 0.62%
#MRK 64.90 0.55%
AUDJPY 83.61 0.05%
GBPJPY 144.60 -0.30%
#EBAY 34.81 0.63%
#MSFT 68.74 0.16%
AUDUSD 0.7502 0.43%
GBPCHF 1.2619 -0.22%
#F 10.96 -0.73%
#NG 3.205 -0.97%
CADCHF 0.7255 0.57%
GOLD 1258.33 0.59%
#GE 27.81 -1.62%
#NOK 6.38 -2.19%
CADJPY 83.14 0.46%
#AA 33.48 0.72%
#GOOG 954.74 0.69%
#ORAN 17.56 1.03%
CHFJPY 114.47 -0.09%
#AAPL 153.19 -0.31%
#HD 154.98 0.10%
#PFE 32.03 -0.31%
CRSIDX 10197.3 0.00%
#ADBE 141.06 1.13%
#HON 132.08 0.19%
#PG 86.46 0.47%
EURAUD 1.4954 -0.09%
#AIG 62.63 0.77%
#HPQ 18.99 0.26%
#QQQ 139.76 0.49%
EURGBP 0.8647 0.23%
#AMD 10.87 0.00%
#IBM 152.52 0.35%
#S 8.15 -0.12%
NZDCAD 0.9444 -0.29%
#AMZN 980.00 0.92%
#INTC 36.11 0.72%
#SNE 36.00 1.31%
NZDCHF 0.6856 0.31%
#AXP 77.10 -0.09%
#IP 52.15 0.36%
#SPY 240.53 0.25%
NZDJPY 78.54 0.18%
#BA 185.22 0.93%
#JNJ 127.46 -0.02%
#T 38.13 -0.47%
SILVER 17.18 0.79%
#BAC 23.34 -0.17%
#JPM 85.68 -0.08%
#UL 54.59 0.75%

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 1.1215 0.34%
GBPUSD 1.2968 0.09%
USDJPY 111.49 -0.39%
USDCHF 0.9732 -0.30%
USDCAD 1.3408 -0.85%
EURJPY 125.08 -0.06%
EURCHF 1.0917 0.04%
GBPJPY 144.60 -0.30%
GBPCHF 1.2619 -0.22%
GOLD 1258.33 0.59%
#AA 33.48 0.72%
#AAPL 153.19 -0.31%
#ADBE 141.06 1.13%
#AIG 62.63 0.77%
#AMD 10.87 0.00%
#AMZN 980.00 0.92%
#AXP 77.10 -0.09%
#BA 185.22 0.93%
#BAC 23.34 -0.17%
#BK 46.95 -0.13%
#C 62.25 0.93%
#CAT 103.92 0.25%
#CL 51.28 -0.29%
#CSCO 31.47 -0.89%
#DD 78.35 1.34%
#DIS 107.71 0.62%
#EBAY 34.81 0.63%
#F 10.96 -0.73%
#GE 27.81 -1.62%
#GOOG 954.74 0.69%
#HD 154.98 0.10%
#HON 132.08 0.19%
#HPQ 18.99 0.26%
#IBM 152.52 0.35%
#INTC 36.11 0.72%
#IP 52.15 0.36%
#JNJ 127.46 -0.02%
#JPM 85.68 -0.08%
#KHC 92.56 0.77%
#KO 45.01 1.42%
#MCD 149.47 1.14%
#MDLZ 46.10 0.15%
#MMM 197.47 -0.10%
#MO 72.84 0.99%
#MRK 64.90 0.55%
#MSFT 68.74 0.16%
#NG 3.205 -0.97%
#NOK 6.38 -2.19%
#ORAN 17.56 1.03%
#PFE 32.03 -0.31%
#PG 86.46 0.47%
#QQQ 139.76 0.49%
#S 8.15 -0.12%
#SNE 36.00 1.31%
#SPY 240.53 0.25%
#T 38.13 -0.47%
#UL 54.59 0.75%
#UTX 122.05 0.05%
#VZ 45.02 -0.98%
#WMT 78.14 -0.38%
#XOM 82.29 -0.32%
AUDCAD 1.0056 -0.41%
AUDCHF 0.7302 0.15%
AUDJPY 83.61 0.05%
AUDUSD 0.7502 0.43%
CADCHF 0.7255 0.57%
CADJPY 83.14 0.46%
CHFJPY 114.47 -0.09%
CRSIDX 10197.3 0.00%
EURAUD 1.4954 -0.09%
EURGBP 0.8647 0.23%
NZDCAD 0.9444 -0.29%
NZDCHF 0.6856 0.31%
NZDJPY 78.54 0.18%
SILVER 17.18 0.79%
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