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

RELATED QUOTES

SymbolPriceChange
NZDUSD=X0.6347-0.0116

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
    1.4117+0.0024+0.17%
    USDSGD=X
    1.5824+0.0076+0.48%
    EURSGD=X
    2.1666-0.0045-0.21%
    GBPSGD=X
    85.8757-0.4047-0.47%
    SGDJPY=X
    5.4896-0.0096-0.17%
    SGDHKD=X
    2.9658+0.0054+0.18%
    SGDMYR=X
    9,948.0078-64.4424-0.64%
    SGDIDR=X
    4.5164-0.0177-0.39%
    SGDCNY=X
    1.0039-0.0052-0.51%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,133.90-0.10-0.01%
    GCZ15.CMX
    14.60+0.05+0.35%
    SIZ15.CMX
    48.43-0.40-0.81%
    ^XAU
    2.34-0.01-0.45%
    HGZ15.CMX
    48.13+2.91+6.44%
    CLV15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.54+0.02
    ^FVX
    2.20+0.01
    ^TNX
    2.93+0.02
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.13+0.01+6.56%
    5DN.SI
    0.545+0.025+4.81%
    N21.SI
    0.310.000.00%
    5WA.SI
    3.74-0.06-1.58%
    Z74.SI
    0.770.00+0.65%
    G13.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.30+0.10+46.34%
    Y06.SI
    1.05+0.28+36.36%
    AXL.SI
    0.22+0.03+18.28%
    5RE.SI
    0.198+0.028+16.47%
    C10.SI
    0.24+0.03+14.29%
    N08.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.057-0.095-62.50%
    5MD.SI
    0.35-0.07-16.67%
    AZT.SI
    0.335-0.065-16.25%
    BAZ.SI
    0.26-0.03-10.34%
    I06.SI
    0.45-0.05-10.00%
    AWV.SI