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

RELATED QUOTES

SymbolPriceChange
NZDUSD=X0.6609-0.0024

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
    1.3946-0.0022-0.16%
    USDSGD=X
    1.5746-0.0024-0.15%
    EURSGD=X
    2.0175-0.0033-0.16%
    GBPSGD=X
    82.0450-0.3684-0.45%
    SGDJPY=X
    5.5878+0.0054+0.10%
    SGDHKD=X
    2.9841-0.003-0.10%
    SGDMYR=X
    9,644.3438-85.0508-0.87%
    SGDIDR=X
    4.7148+0.0707+1.52%
    SGDCNY=X
    0.9832-0.0051-0.51%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,192.40-6.20-0.52%
    GCJ16.CMX
    15.26-0.19-1.22%
    SIH16.CMX
    54.34-2.43-4.28%
    ^XAU
    2.03-0.01-0.34%
    HGH16.CMX
    28.49+0.55+1.97%
    CLH16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.150.00
    ^FVX
    1.73-0.01
    ^TNX
    2.55-0.01
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.315-0.015-4.55%
    N21.SI
    3.63-0.07-1.89%
    Z74.SI
    1.62-0.06-3.57%
    MC0.SI
    0.675-0.030-4.26%
    G13.SI
    2.90-0.09-3.01%
    C31.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.22+0.06+37.50%
    5WR.SI
    0.40+0.06+17.65%
    MN5.SI
    62.06+7.42+13.58%
    NF6.SI
    0.188+0.018+10.59%
    D79.SI
    34.85+3.03+9.52%
    NF4.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    1.32-0.43-24.57%
    5SR.SI
    0.194-0.036-15.65%
    S9B.SI
    0.44-0.07-13.73%
    RQ1.SI
    3.40-0.45-11.69%
    H1O.SI
    0.36-0.04-10.00%
    BJE.SI