EURUSD 1.0742 0.28%
#BK 44.53 -0.65%
#KHC 88.92 1.21%
#UTX 110.75 0.04%
GBPUSD 1.2425 0.34%
#C 56.10 -0.98%
#KO 41.30 0.44%
#VZ 52.70 0.66%
USDJPY 113.59 -0.20%
#CAT 94.57 1.28%
#MCD 122.20 0.02%
#WMT 67.15 -0.66%
USDCHF 0.9986 -0.25%
#CL 53.10 -0.38%
#MDLZ 45.19 1.33%
#XOM 85.89 1.40%
USDCAD 1.3290 -0.10%
#CSCO 30.09 0.43%
#MMM 178.44 -0.12%
AUDCAD 1.0053 -0.16%
EURJPY 122.03 0.08%
#DD 72.99 0.08%
#MO 69.98 0.64%
AUDCHF 0.7556 -0.30%
EURCHF 1.0728 0.05%
#DIS 107.63 0.34%
#MRK 62.52 3.53%
AUDJPY 85.89 -0.27%
GBPJPY 141.12 0.12%
#EBAY 30.62 -0.29%
#MSFT 62.72 0.70%
AUDUSD 0.7566 -0.07%
GBPCHF 1.2407 0.09%
#F 12.36 -0.40%
#NG 3.174 0.41%
CADCHF 0.7509 -0.16%
GOLD 1215.47 0.01%
#GE 30.52 -2.16%
#NOK 4.74 0.42%
CADJPY 85.43 -0.12%
#AA 35.68 0.78%
#GOOG 804.58 0.32%
#ORAN 15.85 0.50%
CHFJPY 113.64 0.04%
#AAPL 119.95 0.21%
#HD 135.55 0.13%
#PFE 31.75 0.22%
CRSIDX 9817.6 -0.10%
#ADBE 110.73 0.89%
#HON 117.79 -0.07%
#PG 87.43 3.15%
EURAUD 1.4201 0.35%
#AIG 66.53 0.39%
#HPQ 14.71 -0.88%
#QQQ 123.22 0.24%
EURGBP 0.8645 -0.05%
#AMD 9.73 -0.31%
#IBM 170.56 2.19%
#S 8.90 -0.56%
NZDCAD 0.9567 0.09%
#AMZN 807.63 -0.16%
#INTC 36.92 1.03%
#SNE 30.48 0.33%
NZDCHF 0.7187 -0.06%
#AXP 76.18 -0.66%
#IP 53.67 1.88%
#SPY 226.68 0.34%
NZDJPY 81.75 -0.02%
#BA 159.52 0.34%
#JNJ 114.13 -0.04%
#T 41.44 1.11%
SILVER 17.16 0.09%
#BAC 22.61 0.44%
#JPM 83.67 0.48%
#UL 41.95 0.95%

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 1.0742 0.28%
GBPUSD 1.2425 0.34%
USDJPY 113.59 -0.20%
USDCHF 0.9986 -0.25%
USDCAD 1.3290 -0.10%
EURJPY 122.03 0.08%
EURCHF 1.0728 0.05%
GBPJPY 141.12 0.12%
GBPCHF 1.2407 0.09%
GOLD 1215.47 0.01%
#AA 35.68 0.78%
#AAPL 119.95 0.21%
#ADBE 110.73 0.89%
#AIG 66.53 0.39%
#AMD 9.73 -0.31%
#AMZN 807.63 -0.16%
#AXP 76.18 -0.66%
#BA 159.52 0.34%
#BAC 22.61 0.44%
#BK 44.53 -0.65%
#C 56.10 -0.98%
#CAT 94.57 1.28%
#CL 53.10 -0.38%
#CSCO 30.09 0.43%
#DD 72.99 0.08%
#DIS 107.63 0.34%
#EBAY 30.62 -0.29%
#F 12.36 -0.40%
#GE 30.52 -2.16%
#GOOG 804.58 0.32%
#HD 135.55 0.13%
#HON 117.79 -0.07%
#HPQ 14.71 -0.88%
#IBM 170.56 2.19%
#INTC 36.92 1.03%
#IP 53.67 1.88%
#JNJ 114.13 -0.04%
#JPM 83.67 0.48%
#KHC 88.92 1.21%
#KO 41.30 0.44%
#MCD 122.20 0.02%
#MDLZ 45.19 1.33%
#MMM 178.44 -0.12%
#MO 69.98 0.64%
#MRK 62.52 3.53%
#MSFT 62.72 0.70%
#NG 3.174 0.41%
#NOK 4.74 0.42%
#ORAN 15.85 0.50%
#PFE 31.75 0.22%
#PG 87.43 3.15%
#QQQ 123.22 0.24%
#S 8.90 -0.56%
#SNE 30.48 0.33%
#SPY 226.68 0.34%
#T 41.44 1.11%
#UL 41.95 0.95%
#UTX 110.75 0.04%
#VZ 52.70 0.66%
#WMT 67.15 -0.66%
#XOM 85.89 1.40%
AUDCAD 1.0053 -0.16%
AUDCHF 0.7556 -0.30%
AUDJPY 85.89 -0.27%
AUDUSD 0.7566 -0.07%
CADCHF 0.7509 -0.16%
CADJPY 85.43 -0.12%
CHFJPY 113.64 0.04%
CRSIDX 9817.6 -0.10%
EURAUD 1.4201 0.35%
EURGBP 0.8645 -0.05%
NZDCAD 0.9567 0.09%
NZDCHF 0.7187 -0.06%
NZDJPY 81.75 -0.02%
SILVER 17.16 0.09%
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