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

RELATED QUOTES

SymbolPriceChange
NZDUSD=X0.7172-0.0001

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 MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.170.00+3.03%
    N21.SI
    0.20+0.01+3.09%
    SK3.SI
    0.98-0.01-1.51%
    G13.SI
    0.425-0.015-3.41%
    E5H.SI
    0.3750.0000.00%
    5ME.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.30+0.07+30.43%
    BLZ.SI
    0.445+0.075+20.27%
    BLL.SI
    0.265+0.035+15.22%
    BQN.SI
    0.49+0.06+13.95%
    F03.SI
    0.188+0.017+9.94%
    KJ5.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.44-0.04-8.33%
    573.SI
    0.15-0.01-6.25%
    M11.SI
    0.30-0.02-6.25%
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    BBP.SI

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.4280+0.0041+0.29%
    USDSGD=X
    1.5102-0.0007-0.05%
    EURSGD=X
    1.7981+0.0084+0.47%
    GBPSGD=X
    80.3470+0.224+0.28%
    SGDJPY=X
    5.4322-0.0105-0.19%
    SGDHKD=X
    3.0972-0.0083-0.27%
    SGDMYR=X
    9,333.7686-0.0830.00%
    SGDIDR=X
    4.8348+0.0051+0.11%
    SGDCNY=X
    1.0676+0.0065+0.61%
    AUDSGD=X
  • Commodities
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    NamePriceChange% Chg
    1,165.30-4.50-0.38%
    GCZ16.CMX
    17.020.00-0.03%
    SIZ16.CMX
    82.57-0.01-0.01%
    ^XAU
    2.64+0.02+0.84%
    HGZ16.CMX
    51.38+0.54+1.06%
    CLF17.NYM
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