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

RELATED QUOTES

SymbolPriceChange
NZDUSD=X0.6938-0.0081

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

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.

--

Get stories like this on the Yahoo app and discover more every day.
Download it now.
Loading...
 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3511+0.0089+0.66%
    USDSGD=X
    1.5575+0.0105+0.68%
    EURSGD=X
    1.9681-0.0002-0.01%
    GBPSGD=X
    78.5980-0.7227-0.91%
    SGDJPY=X
    5.7446-0.0369-0.64%
    SGDHKD=X
    2.9461+0.0266+0.91%
    SGDMYR=X
    9,811.9395+38.416+0.39%
    SGDIDR=X
    4.8012-0.0224-0.47%
    SGDCNY=X
    1.0153-0.013-1.27%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,291.80-4.00-0.31%
    GCM16.CMX
    17.45-0.23-1.28%
    SIN16.CMX
    87.57-3.16-3.48%
    ^XAU
    2.22-0.05-2.12%
    HGN16.CMX
    44.17-0.61-1.36%
    CLM16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.24-0.08
    ^FVX
    1.79-0.08
    ^TNX
    2.65-0.07
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.106-0.001-0.93%
    5I0.SI
    0.43-0.03-6.52%
    N21.SI
    1.295+0.010+0.78%
    N03.SI
    0.099-0.003-2.94%
    5DN.SI
    0.133+0.002+1.53%
    40E.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.78+0.08+12.23%
    5ER.SI
    0.23+0.03+12.20%
    5UZ.SI
    0.187+0.017+10.00%
    A55.SI
    0.33+0.03+10.00%
    BOU.SI
    0.58+0.04+8.41%
    BEI.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.166-0.054-24.55%
    O08.SI
    0.40-0.10-20.00%
    AWC.SI
    0.225-0.045-16.67%
    S46.SI
    0.175-0.024-12.06%
    D79.SI
    0.25-0.03-10.71%
    5PC.SI