NZD/USD extending scope of projections

NZD/USD has just crossed below the 200 SMA on an hourly chart.

For traders inclined to nibble on short trades, the cooling NZD/USD price now eyes the 800 SMA, which corresponds to the reading of the 200 SMA on 4H charts. The last such price-indicator cross has occurred at least over a week ago on this time frame, accentuating its significance.

S&P and DJIA snap multi-year winning streak

The Dow industrials dropped 178.84 points, or 1%, to close at 17,425.03, 2.2% down on the year, the first yearly loss since 2008. The S&P 500 fell 19.42 points, or 0.9%, to end the year at 2,043.94, posting a 0.7% decline over the year and snapping a 3-year winning streak. The Nasdaq Composite Index lost 58.43 points, or 1.15%, at 5,007.41, was the only one to post a gain in 2015, climbing 5.7%.
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