FxWirePro: NZD/USD holds above 0.68 handle, weakness only below 200-DMA

| Technicals

Become a contributor

Bookmark Econotimes

| Technicals

FxWirePro: EUR/CAD Trade Idea

Gold negative momentum continues, any break below $1272 targets $1261

FxWirePro: Silver hovers around $15.00 mark, U.S. retail sales data in focus

Crypto Technicals: LTC/USD holds 21-EMA support, break below to see dip till 70.20

FxWirePro: USD/CNY back below 6.70 mark, PBOC sets yuan mid-point at 6.6911

Crypto Technicals: ETH/USD edges higher from session lows at 170.01, holds above 5-DMA

FxWirePro: AUD/USD rangebound amid holiday-thinned trading, bias bearish

FxWirePro: EUR/USD bulls to shrug-off gravestone doji and shooting star, major downtrend intact – Activate directional hedges

Crypto Technicals: BTC/USD extends marginal gains above 5-DMA, bias neutral

FxWirePro: USD/CNY stabilizes above 6.70 mark, PBOC sets yuan mid-point at 6.7043

FxWirePro: EUR/KRW fails to fall below 1,275 mark, intraday bias remains slightly bullish

FxWirePro: South Korean won remains almost unchanged despite robust PPI data

FxWirePro: USD/JPY struggles at 112 handle, focus on U.S. Retail Sales and Initial Jobless Claims data for further direction

FxWirePro: EURUSD trades lower on upbeat US retail sales, good to sell on rallies

FxWirePro: AUD/USD pivotal at 200-DMA, break above targets 38.2% Fib at 0.7275

Crypto Technicals: ETH/EUR bounces off 21-EMA support, scope for further upside

FxWirePro: Silver enjoys roller coaster movement, consistent close above $14.98 requires for upside rally

©Elmin Media . All Rights Reserved.

FxWirePro: NZD/USD holds above 0.68 handle, weakness only below 200-DMA

Wednesday, January 16, 2019 5:53 AM UTC

comments

NZD/USD chart on Trading View used for analysis

NZD/USD is trading in a narrow range on the day, holds above 0.68 handle.
The major is extending consolidation above 200-DMA, momentum remains bullish.
Antipodeans resilient on fresh monetary and fiscal stimulus measures announced by China.
Momentum with the bulls. Stochs and RSI are biased higher. Scope for test of 0.69 handle ahead of 0.6969 (Dec 4th high).
On the flipside, 5-DMA is immediate support at 0.6815. Retrace below 200-DMA will see weakness.

Support levels - 0.6814 (5-DMA), 0.6792 (200-DMA), 0.6777 (21-EMA)

Resistance levels - 0.6861 (Upper BB), 0.6909 (50% Fib), 0.6945 (Trendline), 0.6969 (Dec 4th high)

Call update: Our previous call (https://www.econotimes.com/FxWirePro-NZD-USD-breaks-above-200-DMA-focus-on-US-CPI-data-for-further-impetus-1483077) is progressing well.

Recommendation: Stay long for targets.

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.

EconoTimes 中文版经客时代已上线

深入了解中国动向

开始阅读 >

Econotimes China Edition

GET INSIGHTS IN CHINESE

READ NOW >

Editor's Picks

Nicotine replacement: when quitting cigarettes, consider using more nicotine, not less

The legal profession has a mental health problem – which is an issue for everyone

How science fiction and fantasy can help us make sense of the world

Explainer: what is quantum machine learning and how can it help us?

We asked five experts: should we nap during the day?

The new truth about Aspirin, and your doctor's slow uptake of medical evidence

ET PRO
Market Data

Market-moving news and views, 24 hours a day >

BRENT CRUDE OIL FUTURES RISE BY MORE THAN 2 PCT AS U.S. PREPARES TO END ALL IRAN SANCTION WAIVERS

U.S. CRUDE OIL FUTURES RISE BY MORE THAN $1 PER BARREL ON REPORT THAT U.S. WILL END ALL IRAN SANCTION WAIVERS

BRENT CRUDE OIL FUTURES RISE BY MORE THAN $1 PER BARREL ON REPORT THAT U.S. WILL END ALL IRAN SANCTION WAIVERS

S.KOREA C.BANK SAYS SELLS 1-YEAR MONETARY STABILISATION BONDS AT YIELD OF 1.800 PCT

CHINA'S YUAN OPENS TRADE AT 6.7060 PER DOLLAR VS LAST CLOSE AT 6.7049

CHINA CSI300 STOCK INDEX FUTURES OPENS + 0.46 PERCENT, TO 4,130.0 POINTS, + 9.6 POINTS FROM THE CURRENT VALUE OF THE UNDERLYING INDEX

CHINA'S CSI300 INDEX TO OPEN UP 0.1 PCT AT 4,125.97 POINTS

SHANGHAI COMPOSITE INDEX TO OPEN UP 0.2 PCT AT 3,278.49 POINTS

U.S. CRUDE OIL FUTURES RISE TO NOV 2018 HIGHS ON REPORT THAT WASHINGTON WILL END ALL IRAN SANCTION WAIVERS

CHINA 7-DAY REPO OPENS AT 2.6500 PCT VERSUS 2.6859 PCT WEIGHTED AVERAGE PREVIOUS CLOSE

TAIWAN STOCKS OPEN UP 0.2 PCT AT 10,994.52 POINTS

BRENT CRUDE OIL FUTURES RISE TO NOV 2018 HIGH OF $72.49/B ON DECLINE IN U.S. DRILLING ACTIVITY, OPEC-LED SUPPLY CUTS

BENCHMARK 10-YEAR JGB FUTURES OPEN UP 0.08 POINT

S.KOREA APRIL 1-20 IMPORTS -1.2 PCT Y/Y - CUSTOMS AGENCY

S.KOREA APRIL 1-20 EXPORTS -8.7 PCT Y/Y - CUSTOMS AGENCY

PHILIPPINES POSTS 58.41 BLN PESOS BUDGET DEFICIT IN MARCH, DOWN 47 PCT Y/Y - NATIONAL TREASURER

SEOUL SHARES OPEN UP 0.11 PCT

SOUTH KOREAN WON OPENS ONSHORE TRADE AT 1,136.3 PER DOLLAR VS 1,136.9 AT PREVIOUS CLOSE

TOKYO'S NIKKEI SHARE AVERAGE OPENS DOWN 0.05 PCT AT 22,188.62

RUSSIAN COURT PUTS FORMER SHAREHOLDER OF YUGRA BANK ALEXEI KHOTIN UNDER HOUSE ARREST - AGENCIES

Bolsonaro's approval rating is worse than any past Brazilian president at the 100-day mark

Notre Dame: the public and private lives of France's spiritual home

How science fiction and fantasy can help us make sense of the world

Trump declares economic war on Cuba

Explainer: what is quantum machine learning and how can it help us?

Employers wary of hiring refugees and migrants to help fill shortages need help understanding the law

Cities and countries aim to slash plastic waste within a decade

A comedian who played a president on TV might actually become Ukraine's president

Earth Day: Colonialism's role in the overexploitation of natural resources

Economics Monitor

April 19 12:30 UTC Released

USHouse Starts MM: Change

Actual

-0.3 %

Forecast

-8.7 %

April 19 12:30 UTC Released

USHousing Starts Number MM

Actual

1.139 Mln

Forecast

1.23 Mln

1.162 Mln

January 31 00:00 UTC 642376642376m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Bln AR bln ARS

January 31 00:00 UTC 642376642376m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Bln AR bln ARS

January 22 19:00 UTC 654196654196m

ARTrade Balance

Actual

Forecast

-1541 %

January 31 00:00 UTC 642376642376m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Bln AR bln ARS

January 22 19:00 UTC 654196654196m

ARTrade Balance

Actual

Forecast

-1541 %

January 31 00:00 UTC 642376642376m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Bln AR bln ARS

January 31 00:00 UTC 642376642376m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Bln AR bln ARS

January 31 00:00 UTC 642376642376m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Bln AR bln ARS

EconoTimes

Disclaimer: EconoTimes provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and EconoTimes specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Brokerage. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. EconoTimes expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.

深入了解中国动向

GET INSIGHTS IN CHINESE

Editor's Picks

Welcome to EconoTimes