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

RELATED QUOTES

SymbolPriceChange
NZDUSD=X0.7232+0.0002

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
    1.3515+0.0013+0.10%
    USDSGD=X
    1.4732+0.0048+0.33%
    EURSGD=X
    2.0729-0.0042-0.20%
    GBPSGD=X
    91.6021+0.4489+0.49%
    SGDJPY=X
    5.7407-0.0006-0.01%
    SGDHKD=X
    2.7015+0.0063+0.23%
    SGDMYR=X
    9,757.5000-42.5381-0.43%
    SGDIDR=X
    4.5887-0.0058-0.13%
    SGDCNY=X
    1.0434-0.0011-0.11%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,185.70-1.20-0.10%
    GCM15.CMX
    16.66-0.09-0.51%
    SIN15.CMX
    68.44-0.25-0.36%
    ^XAU
    2.77-0.01-0.23%
    HGN15.CMX
    57.70-0.33-0.57%
    CLN15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.55+0.02
    ^FVX
    2.16+0.02
    ^TNX
    2.90+0.01
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.71+0.01+1.43%
    Q1P.SI
    0.805-0.020-2.42%
    N21.SI
    0.290.000.00%
    5WA.SI
    0.34+0.01+3.03%
    AFC.SI
    0.20+0.01+3.63%
    5OU.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    1.25+0.24+23.15%
    AYO.SI
    0.189+0.031+19.62%
    GJ8.SI
    0.30+0.05+17.65%
    AYE.SI
    0.149+0.014+10.37%
    L10.SI
    0.16+0.02+10.34%
    5GI.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.19-0.06-24.00%
    41H.SI
    1.48-0.30-16.85%
    AYB.SI
    1.32-0.21-13.73%
    AYN.SI
    0.12-0.02-13.04%
    5IF.SI
    0.375-0.040-9.64%
    AWK.SI