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#UTX 134.57 0.16%
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#C 77.38 -0.14%
#KO 46.87 0.13%
#VZ 51.55 -0.29%
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AUDCAD 0.9942 0.11%
EURJPY 135.95 0.06%
#DIS 110.44 -1.36%
#MO 70.03 -0.14%
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#DWDP 76.02 0.38%
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CADJPY 89.27 -0.19%
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#GOOG 1129.85 -0.21%
#ORAN 17.70 -0.62%
CHFJPY 115.73 0.04%
#AAPL 179.20 0.10%
#HD 198.32 -0.73%
#PFE 36.98 -0.51%
CRSIDX 10363.7 -0.10%
#ADBE 196.14 -0.16%
#HON 157.77 -0.34%
#PG 90.16 -1.12%
EURAUD 1.5308 0.13%
#AIG 61.48 0.11%
#HPQ 23.28 -0.73%
#QQQ 165.78 0.02%
EURGBP 0.8814 0.08%
#AMD 12.45 2.33%
#IBM 169.33 0.60%
#S 5.33 -2.63%
NZDCAD 0.9056 0.07%
#AMZN 1291.92 -0.37%
#INTC 44.47 0.20%
#SNE 49.15 -1.34%
NZDCHF 0.6980 -0.14%
#AXP 99.86 -0.88%
#IP 62.61 1.82%
#SPY 279.15 -0.14%
NZDJPY 80.86 -0.11%
#BA 340.18 -3.17%
#JNJ 146.95 0.05%
#T 37.14 0.86%
SILVER 17.00 0.32%
#BAC 31.48 1.02%
#JPM 113.26 0.24%
#UL 55.87 0.30%

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 1.2258 0.18%
GBPUSD 1.3905 0.09%
USDJPY 110.89 -0.12%
USDCHF 0.9574 -0.15%
USDCAD 1.2417 0.06%
EURJPY 135.95 0.06%
EURCHF 1.1735 0.03%
GBPJPY 154.19 -0.02%
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#AA 52.99 -7.51%
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#AIG 61.48 0.11%
#AMD 12.45 2.33%
#AMZN 1291.92 -0.37%
#AXP 99.86 -0.88%
#BA 340.18 -3.17%
#BAC 31.48 1.02%
#BK 55.33 -4.57%
#C 77.38 -0.14%
#CAT 168.81 0.14%
#CL 63.17 -0.78%
#CSCO 41.28 0.24%
#DIS 110.44 -1.36%
#DWDP 76.02 0.38%
#EBAY 38.72 1.94%
#F 12.05 -0.91%
#GE 16.76 -3.34%
#GOOG 1129.85 -0.21%
#HD 198.32 -0.73%
#HON 157.77 -0.34%
#HPQ 23.28 -0.73%
#IBM 169.33 0.60%
#INTC 44.47 0.20%
#IP 62.61 1.82%
#JNJ 146.95 0.05%
#JPM 113.26 0.24%
#KHC 79.26 -0.98%
#KO 46.87 0.13%
#MCD 174.55 -0.23%
#MDLZ 43.67 -0.37%
#MMM 245.87 -0.90%
#MO 70.03 -0.14%
#MRK 61.12 -1.45%
#MSFT 90.09 -0.02%
#NG 3.175 -0.41%
#NOK 4.82 -2.49%
#ORAN 17.70 -0.62%
#PFE 36.98 -0.51%
#PG 90.16 -1.12%
#QQQ 165.78 0.02%
#S 5.33 -2.63%
#SNE 49.15 -1.34%
#SPY 279.15 -0.14%
#T 37.14 0.86%
#UL 55.87 0.30%
#UTX 134.57 0.16%
#VZ 51.55 -0.29%
#WMT 104.32 1.57%
#XOM 87.42 -0.63%
AUDCAD 0.9942 0.11%
AUDCHF 0.7667 -0.10%
AUDJPY 88.76 -0.07%
AUDUSD 0.8011 0.05%
CADCHF 0.7705 -0.21%
CADJPY 89.27 -0.19%
CHFJPY 115.73 0.04%
CRSIDX 10363.7 -0.10%
EURAUD 1.5308 0.13%
EURGBP 0.8814 0.08%
NZDCAD 0.9056 0.07%
NZDCHF 0.6980 -0.14%
NZDJPY 80.86 -0.11%
SILVER 17.00 0.32%
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