# NZDUSD Retracement Setup (Nov 20, 2015) Source: https://www.tradersway.com/resources/market-info/nzdusd-retracement-setup-nov-20-2015/ Language: en Updated: 2015-11-20 Description: Explore NZDUSD Retracement Setup (Nov 20, 2015). NZDUSD has been. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. NZDUSD has been trending lower across most time frames but is showing signs of a large pullback from its latest drop. Price bounced off support at the .6425 area and is retreating to the Fib levels marked on the swing high and low on the 4-hour chart. At the moment, the pair is testing resistance at the 38.2% Fibonacci retracement level near the .6600 major psychological mark. No reversal candlesticks have formed yet, which suggests that the correction might carry on to the next potential resistance. An area of interest is located between the 50% and 61.8% Fib levels, which might be enough to keep further gains in check. The 100 SMA just crossed below the 200 SMA to confirm that the downtrend is likely to carry on while stochastic and RSI are nearing the overbought levels. The main event risks for this setup this week have already passed, as the FOMC minutes and New Zealand quarterly PPI readings have been released. The transcript of the Fed meeting supported the idea of a December liftoff but reiterated that the trajectory of further tightening moves would be gradual. Meanwhile, the PPI readings from New Zealand printed surprisingly good results, with input prices up by 1.6% and output prices up by 1.3%. Then again these don’t incorporate the latest slump in dairy prices since the middle of October, which might weigh on inflation figures later on. ![NZDUSD Retracement Setup (Nov 20, 2015)] With that, the path of least resistance for this pair is still to the downside, with the latest rallies likely spurred by profit-taking activity. Risk appetite remains weak, favoring the safe-haven US dollar against the higher-yielding Kiwi. *By Kate Curtis from Trader’s Way* ## Structured data JSON-LD as served in the HTML version of this page. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Article", "@id": "https://www.tradersway.com/resources/market-info/nzdusd-retracement-setup-nov-20-2015/#primary", "url": "https://www.tradersway.com/resources/market-info/nzdusd-retracement-setup-nov-20-2015/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/nzdusd-retracement-setup-nov-20-2015/", "headline": "NZDUSD Retracement Setup (Nov 20, 2015)", "inLanguage": "en", "datePublished": "2015-11-20T08:53:58+00:00", "dateModified": "2015-11-20T08:53:58+00:00", "articleSection": "Market Info", "description": "Explore NZDUSD Retracement Setup (Nov 20, 2015). NZDUSD has been. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding.", "image": { "@type": "ImageObject", "url": "https://www.tradersway.com/wp-content/themes/tradersway/images/og-default.png" }, "author": { "@type": "Organization", "@id": "https://www.tradersway.com/#organization" }, "publisher": { "@id": "https://www.tradersway.com/#organization" } }, { "@type": [ "Organization", "FinancialService" ], "@id": "https://www.tradersway.com/#organization", "name": "Trader's Way", "alternateName": "TradersWay", "legalName": "TW Corp LLC", "description": "Trader's Way is the trading brand of TW Corp LLC, a company registered in Anguilla under number A000001731. It provides online leveraged trading in forex, metals, energies, stock indices and cryptocurrencies through MetaTrader 4, MetaTrader 5 and cTrader, with Market execution, a 40% stop out level and a minimum initial deposit of 10 USD. The company holds no financial services licence and does not direct its services to residents of the United States or the United Kingdom.", "url": "https://www.tradersway.com", "foundingDate": "2011", "logo": { "@type": "ImageObject", "url": "https://www.tradersway.com/wp-content/themes/tradersway/images/logo-square-512.png" }, "address": { "@type": "PostalAddress", "streetAddress": "No. 9 Cassius Webster Building, Grace Complex", "postOfficeBoxNumber": "1330", "addressLocality": "The Valley", "postalCode": "AI-2640", "addressCountry": "AI" }, "contactPoint": { "@type": "ContactPoint", "contactType": "customer support", "email": "support@tradersway.com" }, "areaServed": "Worldwide, excluding the United States and the United Kingdom", "knowsAbout": [ "Foreign exchange trading", "Contracts for difference", "Leveraged trading", "Precious metals trading", "Energy commodities trading", "Stock index trading", "Cryptocurrency trading", "MetaTrader 4", "MetaTrader 5", "cTrader" ], "sameAs": [ "https://www.trustpilot.com/review/www.tradersway.com", "https://www.forexpeacearmy.com/forex-reviews/8129/tradersway-forex-brokers", "https://www.youtube.com/channel/UChRC072YJGlNNNYhg_0hZeA", "https://www.facebook.com/tradersway.forex.broker", "https://twitter.com/TradersWay", "https://www.instagram.com/traderswayforex/", "https://t.me/tw_eng" ], "identifier": { "@type": "PropertyValue", "propertyID": "Anguilla company registration number", "value": "A000001731" }, "location": { "@type": "Place", "address": { "@type": "PostalAddress", "streetAddress": "Radnicka 147", "addressLocality": "Valjevo", "postalCode": "14000", "addressCountry": "RS" } } }, { "@type": "WebSite", "@id": "https://www.tradersway.com/#website", "url": "https://www.tradersway.com", "name": "Trader's Way", "publisher": { "@id": "https://www.tradersway.com/#organization" } }, { "@type": "BreadcrumbList", "@id": "https://www.tradersway.com/resources/market-info/nzdusd-retracement-setup-nov-20-2015/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://www.tradersway.com/" }, { "@type": "ListItem", "position": 2, "name": "Resources", "item": "https://www.tradersway.com/resources/" }, { "@type": "ListItem", "position": 3, "name": "Market Info", "item": "https://www.tradersway.com/resources/market-info/" }, { "@type": "ListItem", "position": 4, "name": "NZDUSD Retracement Setup (Nov 20, 2015)", "item": "https://www.tradersway.com/resources/market-info/nzdusd-retracement-setup-nov-20-2015/" } ] } ] } ``` ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Person", "@id": "https://www.tradersway.com/#wayne-mcdonell", "name": "Wayne McDonell", "jobTitle": "Chief FX Strategist", "description": "Chief FX Strategist at Trader's Way, trading forex publicly since 2004. His analysis has appeared in the Wall Street Journal, Bloomberg Television, Fox Business, Futures Magazine and FOREX Journal Magazine. Author of \"Strategic and Tactical Forex Trading\".", "worksFor": { "@id": "https://www.tradersway.com/#organization" }, "knowsAbout": [ "Foreign exchange market", "Technical analysis", "Fundamental analysis", "Forex trading strategy" ], "sameAs": [ "https://www.youtube.com/c/tradersway" ] }, { "@id": "https://www.tradersway.com/#organization", "employee": { "@id": "https://www.tradersway.com/#wayne-mcdonell" } } ] } ```