NZD/USD Probes Above Resistance

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SymbolPriceChange
NZDUSD=X0.8570-0.0002

NZD/USD Technical Strategy: Flat

Prices are testing above falling trend line resistance set from mid-December (now at 0.8441). A confirmed break higher on a daily closing basis exposes the August 31 2011 high at 0.8571. Initial support is in the 0.8315-55 area, with a turn below that targeting rising channel support at 0.8270. An actionable trade trigger is absent for now and we will stand aside until something more concrete presents itself.

Forex_Analysis_NZDUSD_Probes_Above_Resistance_body_Picture_1.png, NZD/USD Probes Above Resistance

Daily Chart - Created Using FXCM Marketscope 2.0

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

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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.2522-0.0002-0.01%
    USDSGD=X
    1.7299-0.0003-0.02%
    EURSGD=X
    2.10410.000.00%
    GBPSGD=X
    81.9113+0.129+0.16%
    SGDJPY=X
    6.19200.000.00%
    SGDHKD=X
    2.5938+0.0083+0.32%
    SGDMYR=X
    9,127.7900+8.9277+0.10%
    SGDIDR=X
    4.9717+0.0013+0.03%
    SGDCNY=X
    1.1681-0.0007-0.06%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,286.60-7.40-0.57%
    GCQ14.CMX
    19.34-0.25-1.28%
    SIK14.CMX
    90.18-0.65-0.72%
    ^XAU
    3.050.00+0.05%
    HGK14.CMX
    104.15-0.15-0.14%
    CLK14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.73+0.08
    ^FVX
    2.72+0.08
    ^TNX
    3.52+0.06
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.114-0.001-0.87%
    B22.SI
    0.129+0.004+3.20%
    545.SI
    0.610.0000.00%
    E5H.SI
    0.143+0.004+2.88%
    5GB.SI
    2.190.0000.00%
    JS8.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.26+0.045+20.93%
    5UE.SI
    0.179+0.019+11.88%
    T16.SI
    0.305+0.020+7.02%
    5CF.SI
    0.16+0.010+6.67%
    A03.SI
    0.74+0.045+6.47%
    L02.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.158-0.012-7.06%
    5PF.SI
    0.13-0.009-6.47%
    A59.SI
    0.22-0.015-6.38%
    E94.SI
    0.127-0.008-5.93%
    574.SI
    0.19-0.010-5.00%
    C04.SI