FOREX Technical Analysis: NZD/USD Responds to 8200 Resistance

RELATED QUOTES

SymbolPriceChange
NZDUSD=X0.8562-0.0006

Daily Bars

FOREX_Technical_Analysis_NZDUSD_Responds_to_8200_Resistance_body_nzdusd.png, FOREX Technical Analysis: NZD/USD Responds to 8200 Resistance

Chart Prepared by Jamie Saettele, CMT

FOREXAnalysis: Unlike the AUD/USD, the NZD/USD decline from last week’s top unfolded in a clean impulse (5 waves). The rally from the low should unfold correctively and top before 8309. 8230/37 (former support and 61.8% retracement) is a level that may produce the top.

FOREXTrading Strategy: “A bearish bias is warranted although a bounce into 8230 or sideways trading for several days can’t be ruled out. 8010/55 is an area of interest.” The NZD/USD responded at 8200 today but keep tabs on 8230/37, which is former support and the 61.8% retracement of the decline from the top.

LEVELS: 8011 8054 8115 8200 8230 8260

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.

Loading...
 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.2573-0.0008-0.07%
    USDSGD=X
    1.7392-0.001-0.06%
    EURSGD=X
    2.1130-0.0008-0.04%
    GBPSGD=X
    81.4686+0.1765+0.22%
    SGDJPY=X
    6.1667+0.0041+0.07%
    SGDHKD=X
    2.6041+0.0057+0.22%
    SGDMYR=X
    9,262.1328+6.1064+0.07%
    SGDIDR=X
    4.9785+0.0115+0.23%
    SGDCNY=X
    1.1648-0.0005-0.04%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,291.90+1.30+0.10%
    GCM14.CMX
    19.55-0.14-0.70%
    SIK14.CMX
    91.62-1.25-1.35%
    ^XAU
    3.11-0.01-0.37%
    HGK14.CMX
    102.02+0.08+0.08%
    CLM14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.74+0.03
    ^FVX
    2.690.00
    ^TNX
    3.460.00
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    2.210.0000.00%
    JS8.SI
    1.150.0000.00%
    U6C.SI
    0.122-0.001-0.81%
    B22.SI
    0.105-0.001-0.94%
    A53.SI
    3.760.0000.00%
    Z74.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.58+0.030+5.45%
    H17.SI
    0.141+0.007+5.22%
    S56.SI
    0.135+0.010+8.00%
    I9T.SI
    0.23+0.010+4.55%
    G50.SI
    0.36+0.010+2.86%
    B9S.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.30-0.015-4.76%
    K29.SI
    0.205-0.010-4.65%
    510.SI
    1.175-0.040-3.29%
    S53.SI
    0.33-0.010-2.94%
    T12.SI
    0.155-0.004-2.52%
    5EL.SI