FOREX Technical Analysis: NZD/USD Trades to 2 Month Lows

RELATED QUOTES

SymbolPriceChange
NZDUSD=X0.73110.00

Daily Bars

FOREX_Technical_Analysis_NZDUSD_Trades_to_2_Month_Lows_body_nzdusd.png, FOREX Technical Analysis: NZD/USD Trades to 2 Month Lows

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 Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.33630.000.00%
    USDSGD=X
    1.47170.000.00%
    EURSGD=X
    2.07010.000.00%
    GBPSGD=X
    90.94560.000.00%
    SGDJPY=X
    5.80070.000.00%
    SGDHKD=X
    2.69540.000.00%
    SGDMYR=X
    9,841.76950.000.00%
    SGDIDR=X
    4.63810.000.00%
    SGDCNY=X
    1.04540.000.00%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,205.40+1.30+0.11%
    GCM15.CMX
    17.10-0.03-0.16%
    SIN15.CMX
    71.25-0.60-0.84%
    ^XAU
    2.81-0.04-1.39%
    HGN15.CMX
    59.99-0.73-1.20%
    CLN15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.56+0.05
    ^FVX
    2.21+0.03
    ^TNX
    2.99+0.01
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.295+0.070+31.11%
    AFC.SI
    0.290.000.00%
    5WA.SI
    0.180.00+2.27%
    5OU.SI
    0.215+0.005+2.38%
    5GB.SI
    0.830.000.00%
    N21.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    1.35+0.35+35.00%
    AYN.SI
    0.295+0.070+31.11%
    AFC.SI
    0.27+0.06+28.57%
    AVX.SI
    0.135+0.016+13.45%
    5IF.SI
    0.62+0.06+11.71%
    AWV.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.18-0.02-10.00%
    PH0.SI
    0.15-0.02-9.09%
    5IA.SI
    0.21-0.02-8.70%
    5G1.SI
    0.20-0.02-6.98%
    B1N.SI
    0.765-0.055-6.71%
    533.SI