FOREX Technical Analysis: NZD/USD May Reach 8260 in Short Order

RELATED QUOTES

SymbolPriceChange
NZDUSD=X0.6722-0.0006

Daily Bars

FOREX_Technical_Analysis_NZDUSD_May_Reach_8260_in_Short_Order_body_nzdusd.png, FOREX Technical Analysis: NZD/USD May Reach 8260 in Short Order

Chart Prepared by Jamie Saettele, CMT

FOREXAnalysis: Recent comments were that “one possibility is that the rally from Friday’s low is an impulse that gives way to corrective weakness before the next impulse in late November / early December.” A secondary low may be in place at 8112. Like the AUDUSD, the NZDUSD reversed near its reversal day close (8124). A clean potential inverse head and shoulders in visible since 11/9.

FOREXTrading Strategy: Look higher towards 8260.

LEVELS: 8052 8096 8126 8202 8262 8308

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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3770-0.0011-0.08%
    USDSGD=X
    1.5388+0.001+0.07%
    EURSGD=X
    2.0250-0.0011-0.05%
    GBPSGD=X
    79.6372-0.3251-0.41%
    SGDJPY=X
    5.6387+0.0037+0.07%
    SGDHKD=X
    2.9620-0.0074-0.25%
    SGDMYR=X
    9,876.4004-4.2373-0.04%
    SGDIDR=X
    4.7618+0.0036+0.08%
    SGDCNY=X
    0.9923+0.0007+0.07%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,231.60+7.80+0.64%
    GCM16.CMX
    16.44+0.18+1.10%
    SIN16.CMX
    82.23+2.07+2.59%
    ^XAU
    2.11+0.01+0.36%
    HGN16.CMX
    49.76+0.20+0.40%
    CLN16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.40+0.01
    ^FVX
    1.87+0.01
    ^TNX
    2.67+0.03
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.113-0.001-0.88%
    40E.SI
    0.310.00+1.64%
    N21.SI
    3.88+0.06+1.57%
    Z74.SI
    1.77-0.01-0.84%
    MC0.SI
    0.87-0.01-1.14%
    Y92.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.98+0.08+8.29%
    5G3.SI
    0.795+0.045+6.00%
    BKV.SI
    0.158+0.008+5.33%
    O08.SI
    0.32+0.01+4.92%
    M30.SI
    1.415+0.065+4.81%
    U19.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.40-0.08-16.67%
    BLR.SI
    0.15-0.03-16.20%
    5PF.SI
    0.285-0.045-13.64%
    BBP.SI
    0.167-0.013-7.22%
    578.SI
    1.04-0.05-4.59%
    M01.SI