FOREX Technical Analysis: NZD/USD Registers Sub 8100 Close

RELATED QUOTES

SymbolPriceChange
NZDUSD=X0.7244+0.0009

Daily Bars

FOREX_Technical_Analysis_NZDUSD_Registers_Sub_8100_Close_body_nzdusd.png, FOREX Technical Analysis: NZD/USD Registers Sub 8100 Close

Chart Prepared by Jamie Saettele, CMT

FOREXAnalysis: “The NZDUSD traded to its lowest level since mid-September and more importantly traded below the October low. The drop below the 10/23 low confirms a secondary top (wave B or 2) at 8309. Trendline supports have been cleanly broken as well.”

FOREXTrading Strategy: “Focus is lower towards at least the 100% extension at 8054 although the 161.8% is of particular interest due to its proximity to the September low near 7900. Risk on shorts is moved down to 8205 and resistance is now 8123/56.”

LEVELS: 7914 8011 8054 8123 8156 8202

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MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.124-0.005-3.88%
    N21.SI
    0.735-0.020-2.65%
    G13.SI
    0.126+0.012+10.53%
    RE4.SI
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    4.14-0.08-1.90%
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  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.335+0.095+39.58%
    BAZ.SI
    0.152+0.025+19.69%
    D79.SI
    0.47+0.06+13.25%
    588.SI
    0.45+0.05+12.50%
    BFK.SI
    0.23+0.03+12.20%
    S46.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.13-0.05-27.78%
    AYL.SI
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    BKZ.SI
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Market Data

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    NamePriceChange% Chg
    1.3607+0.0025+0.19%
    USDSGD=X
    1.5223+0.0027+0.18%
    EURSGD=X
    1.7829+0.002+0.11%
    GBPSGD=X
    75.0560+0.374+0.50%
    SGDJPY=X
    5.6983-0.0064-0.11%
    SGDHKD=X
    2.9726+0.0063+0.21%
    SGDMYR=X
    9,754.0312+5.8428+0.06%
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    SGDCNY=X
    1.0281+0.0018+0.18%
    AUDSGD=X
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    GCZ16.CMX
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    SIU16.CMX
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    ^XAU
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