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

RELATED QUOTES

SymbolPriceChange
NZDUSD=X0.6936-0.0083

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
    1.3514+0.0092+0.69%
    USDSGD=X
    1.5578+0.0108+0.70%
    EURSGD=X
    1.9675-0.0008-0.04%
    GBPSGD=X
    78.5552-0.7655-0.97%
    SGDJPY=X
    5.7436-0.0379-0.66%
    SGDHKD=X
    2.9467+0.0272+0.93%
    SGDMYR=X
    9,810.5234+37.00+0.38%
    SGDIDR=X
    4.7985-0.0251-0.52%
    SGDCNY=X
    1.0157-0.0126-1.23%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,290.90-4.90-0.38%
    GCM16.CMX
    17.47-0.21-1.20%
    SIN16.CMX
    87.36-3.36-3.71%
    ^XAU
    2.22-0.05-2.14%
    HGN16.CMX
    44.07-0.71-1.59%
    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