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

RELATED QUOTES

SymbolPriceChange
NZDUSD=X0.6632+0.0005

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
    1.4059-0.0028-0.20%
    USDSGD=X
    1.5654-0.0066-0.42%
    EURSGD=X
    2.0394-0.0031-0.15%
    GBPSGD=X
    83.4824+0.4732+0.57%
    SGDJPY=X
    5.5382+0.0116+0.21%
    SGDHKD=X
    2.9595+0.0058+0.20%
    SGDMYR=X
    9,698.2422+33.3018+0.34%
    SGDIDR=X
    4.6695+0.0014+0.03%
    SGDCNY=X
    0.9975+0.0001+0.01%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,166.00+8.30+0.72%
    GCJ16.CMX
    14.93+0.15+0.99%
    SIH16.CMX
    55.30+2.68+5.09%
    ^XAU
    2.09-0.02-0.76%
    HGH16.CMX
    31.24+0.35+1.13%
    CLH16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.250.00
    ^FVX
    1.85-0.02
    ^TNX
    2.68-0.02
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.33+0.02+4.76%
    N21.SI
    3.70+0.22+6.32%
    Z74.SI
    1.68+0.05+3.07%
    MC0.SI
    0.385+0.010+2.67%
    E5H.SI
    0.705+0.025+3.68%
    G13.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.405+0.065+19.12%
    T4B.SI
    0.475+0.075+18.75%
    Y06.SI
    0.23+0.03+15.00%
    S9B.SI
    0.40+0.05+14.29%
    BJE.SI
    0.144+0.014+10.77%
    AWS.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.34-0.05-12.82%
    MN5.SI
    0.118-0.012-9.23%
    AWO.SI
    0.205-0.020-8.89%
    AYL.SI
    0.505-0.045-8.18%
    A05.SI
    0.193-0.017-8.10%
    S71.SI