Close Preview x  
Close x
Expert Advisor Hosting Request

Please provide the following information:
(All Fields Required)

X My Account Secure Account Login Login

Close x
Online Security

Secure login
Ensuring the security of your personal information is of paramount importance to us. When you sign in to the trading platform, your User ID and password are secure.

The moment you click Login, we encrypt your User ID and password using 128-bit Secure Sockets Layer (SSL) technology.

Browser security indicators
You may notice when you are on our website that some familiar indicators do not appear in your browser to confirm the entire page is secure. Those indicators include the small "lock" icon in the bottom right corner of the browser frame and the "s" in the Web address bar (for example, "https").

To provide the fastest access to the trading platforms, we have made signing in to trading platforms secure without making the entire page secure. Again, please be assured that your ID and password are secure.

Close x

We would like to contact you by telephone to help you make the most of your demo account, and inform you about our products and services. By submitting your telephone number you agree that can contact you by telephone.
Privacy policy
NZD/USD rally stalls at key resistance

Updated  Apr 13, 2018 1:11:53 PM Written by Fawad Razaqzada

The NZD/USD’s strong showing of late has come to an end – at least for the time being. The unit is in the process of creating a bearish engulfing candle on its daily chart after it ran into offers around its bearish trend line, just below the 0.7400 handle. If support at 0.7350 breaks down now, then we may see the kiwi drop to the next potential line of defence at 0.7320/5, which was formerly resistance. The next level of support below here is at 0.7280/5, which marks the head of the doji daily candle and the 50-day moving average. The more significant support is at 0.7180/0.7200 area, where price has repeatedly found support from in recent times. In addition, the 200-day moving average also comes into play there.

But overall the trend is bullish. So, if and when the NZD/USD goes back higher and eventually breaks the bearish trend line and resistance at around 0.7400 then the next stop for the kiwi could be either at the 0.7460 resistance level or the 2017 high of 0.7555/60.

Meanwhile in terms of fundamentals, there are a couple of key economic pointers from both the US and New Zealand to consider next week. Monday will see the release of US retail sales while New Zealand CPI will be published late in the day on Wednesday or early morning NZ time. These figures have the potential to move the markets, especially if they deviate from expectations meaningfully.

Source: eSignal and

Disclaimer: The information and opinions in this report are for general information use only and are not intended as an offer or solicitation with respect to the purchase or sale of any currency or CFD contract. All opinions and information contained in this report are subject to change without notice. This report has been prepared without regard to the specific investment objectives, financial situation and needs of any particular recipient. Any references to historical price movements or levels is informational based on our analysis and we do not represent or warranty that any such movements or levels are likely to reoccur in the future. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or completeness, nor does author assume any liability for any direct, indirect or consequential loss that may result from the reliance by any person upon any such information or opinions.

Futures, Options on Futures, Foreign Exchange and other leveraged products involves significant risk of loss and is not suitable for all investors. Increasing leverage increases risk. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act. Contracts for Difference (CFDs) are not available for US residents. Before deciding to trade forex and commodity futures, you should carefully consider your financial objectives, level of experience and risk appetite. Any opinions, news, research, analyses, prices or other information contained herein is intended as general information about the subject matter covered and is provided with the understanding that is not rendering investment, legal, or tax advice. You should consult with appropriate counsel or other advisors on all investment, legal, or tax matters. is regulated by the Commodity Futures Trading Commission (CFTC) in the US, by the Financial Services Authority (FCA) in the UK, the Australian Securities and Investment Commission (ASIC) in Australia, and the Financial Services Agency (FSA) in Japan. Please read Characteristics and Risks of Standardized Options.


Test your trading strategies risk free btn_demo_blue_hover.gif OR btn_open_an_account_dark_grey_alt_hover.gif

Have more questions?

Chat Live Now or call 0800 032 1948