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

RELATED QUOTES

SymbolPriceChange
NZDUSD=X0.7045-0.0018

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
    1.3569-0.0014-0.10%
    USDSGD=X
    1.4930+0.0008+0.05%
    EURSGD=X
    1.7784-0.0027-0.15%
    GBPSGD=X
    77.6770+0.614+0.80%
    SGDJPY=X
    5.7153+0.0061+0.11%
    SGDHKD=X
    3.0075+0.0173+0.58%
    SGDMYR=X
    9,682.2900-12.8896-0.13%
    SGDIDR=X
    4.9144+0.0051+0.10%
    SGDCNY=X
    1.0155-0.0042-0.41%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,320.40-0.40-0.03%
    GCQ16.CMX
    19.66-0.02-0.12%
    SIU16.CMX
    103.00+3.11+3.11%
    ^XAU
    2.21-0.02-0.70%
    HGU16.CMX
    42.70-0.22-0.51%
    CLU16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.140.00
    ^FVX
    1.56-0.01
    ^TNX
    2.28-0.01
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.485-0.010-2.02%
    5TP.SI
    0.169+0.004+2.42%
    N21.SI
    0.375+0.010+2.74%
    E5H.SI
    0.131-0.003-2.24%
    43E.SI
    0.163+0.008+5.16%
    O9E.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.21+0.05+28.83%
    AZG.SI
    0.25+0.05+25.00%
    BLZ.SI
    0.157+0.026+19.85%
    UV1.SI
    0.191+0.026+15.76%
    AZT.SI
    0.35+0.03+11.11%
    AWC.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.415-0.075-15.31%
    BLL.SI
    0.205-0.035-14.58%
    D6U.SI
    0.136-0.020-12.82%
    Y06.SI
    0.35-0.05-12.50%
    BDF.SI
    0.245-0.030-10.91%
    PA3.SI