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

RELATED QUOTES

SymbolPriceChange
NZDUSD=X0.7564+0.0028

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
    1.3316-0.0009-0.07%
    USDSGD=X
    1.4895+0.0036+0.24%
    EURSGD=X
    2.0215+0.0066+0.33%
    GBPSGD=X
    90.0117-0.1497-0.17%
    SGDJPY=X
    5.8213+0.0032+0.06%
    SGDHKD=X
    2.6927-0.0062-0.23%
    SGDMYR=X
    9,785.6094+66.2324+0.68%
    SGDIDR=X
    4.6615+0.0014+0.03%
    SGDCNY=X
    1.0576+0.0133+1.27%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,192.50+5.70+0.48%
    GCM15.CMX
    16.54+0.10+0.60%
    SIN15.CMX
    72.93-0.53-0.72%
    ^XAU
    2.93+0.01+0.27%
    HGN15.CMX
    60.77+1.84+3.12%
    CLM15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.54+0.05
    ^FVX
    2.18+0.04
    ^TNX
    2.91+0.04
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.20-0.02-9.09%
    5GB.SI
    0.89+0.03+4.09%
    N21.SI
    0.295+0.005+1.72%
    5WA.SI
    0.32-0.03-7.25%
    J7X.SI
    1.0050.0000.00%
    G13.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.50+0.12+31.58%
    5UL.SI
    0.161+0.016+11.03%
    5IA.SI
    0.132+0.010+8.20%
    T09.SI
    0.35+0.03+7.69%
    I06.SI
    0.15+0.01+7.14%
    5MD.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.106-0.014-11.67%
    E25.SI
    0.25-0.03-10.71%
    40U.SI
    0.31-0.03-10.14%
    S56.SI
    0.20-0.02-9.09%
    5GB.SI
    0.66-0.06-8.33%
    L17.SI