FOREX Technical Analysis: NZD/USD Responds to 8200 Resistance

RELATED QUOTES

SymbolPriceChange
NZDUSD=X0.6988-0.0007

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.

--

Get stories like this on the Yahoo app and discover more every day.
Download it now.
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
    1.3609+0.0033+0.24%
    USDSGD=X
    1.4947+0.0057+0.38%
    EURSGD=X
    1.7856+0.0093+0.52%
    GBPSGD=X
    78.0440+0.117+0.15%
    SGDJPY=X
    5.6982-0.0095-0.17%
    SGDHKD=X
    2.9886-0.0011-0.04%
    SGDMYR=X
    9,655.1484-29.0352-0.30%
    SGDIDR=X
    4.9072-0.0151-0.31%
    SGDCNY=X
    1.0188+0.0065+0.64%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,316.80-6.60-0.50%
    GCQ16.CMX
    19.47-0.22-1.11%
    SIU16.CMX
    103.74-0.30-0.29%
    ^XAU
    2.240.00+0.16%
    HGU16.CMX
    43.80-0.39-0.88%
    CLU16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.12+0.02
    ^FVX
    1.570.00
    ^TNX
    2.29-0.01
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.34-0.03-8.11%
    5ME.SI
    0.168-0.003-1.75%
    N21.SI
    0.137-0.004-2.84%
    43E.SI
    3.18+0.05+1.60%
    C31.SI
    4.28-0.02-0.47%
    Z74.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.25+0.09+56.25%
    BFT.SI
    0.245+0.045+22.50%
    BTF.SI
    0.40+0.05+14.29%
    BDF.SI
    0.165+0.015+10.00%
    5G1.SI
    0.25+0.02+8.70%
    BLW.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.40-0.05-11.11%
    567.SI
    0.118-0.013-9.92%
    BGK.SI
    0.235-0.025-9.62%
    M1Z.SI
    0.22-0.02-8.33%
    BHO.SI
    0.34-0.03-8.11%
    5ME.SI