Advertisement
Singapore markets closed
  • Straits Times Index

    3,173.55
    +1.62 (+0.05%)
     
  • S&P 500

    5,149.42
    +32.33 (+0.63%)
     
  • Dow

    38,790.43
    +75.63 (+0.20%)
     
  • Nasdaq

    16,103.45
    +130.25 (+0.82%)
     
  • Bitcoin USD

    63,106.11
    -4,799.59 (-7.07%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,716.92
    -5.63 (-0.07%)
     
  • Gold

    2,157.80
    -6.50 (-0.30%)
     
  • Crude Oil

    82.47
    -0.25 (-0.30%)
     
  • 10-Yr Bond

    4.3400
    0.0000 (0.00%)
     
  • Nikkei

    40,003.60
    +263.20 (+0.66%)
     
  • Hang Seng

    16,529.48
    -207.62 (-1.24%)
     
  • FTSE Bursa Malaysia

    1,544.96
    -8.68 (-0.56%)
     
  • Jakarta Composite Index

    7,336.75
    +34.30 (+0.47%)
     
  • PSE Index

    6,848.43
    -4.86 (-0.07%)
     

Forex Analysis: NZD/USD Classic Technical Report 01.14.2013

Prices put in a Bearish Engulfing below resistance at 0.8470, the February 29 2012 high, hinting a move lower is ahead. Near-term support is in the 0.8317-55 area, with a break below that aiming for rising channel support at 0.8222. Alternatively, a reversal above 0.8470 eyes the channel top at 0.8605.

Forex_Analysis_NZDUSD_Classic_Technical_Report_01.14.2013_body_Picture_1.png, Forex Analysis: NZD/USD Classic Technical Report 01.14.2013
Forex_Analysis_NZDUSD_Classic_Technical_Report_01.14.2013_body_Picture_1.png, Forex Analysis: NZD/USD Classic Technical Report 01.14.2013

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com

To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak

To be added to Ilya's e-mail distribution list, please CLICK HERE

New to FX? Watch this Video. For live market updates, visit the Real Time News Feed

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.