FOREX Technical Analysis: NZD/USD Responds to 8200 Resistance

RELATED QUOTES

SymbolPriceChange
NZDUSD=X0.7566+0.0041

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
    1.3604+0.0031+0.23%
    USDSGD=X
    1.5287+0.0092+0.60%
    EURSGD=X
    2.1012+0.01+0.48%
    GBPSGD=X
    87.6812-0.2945-0.33%
    SGDJPY=X
    5.7005-0.0133-0.23%
    SGDHKD=X
    2.6544+0.0005+0.02%
    SGDMYR=X
    9,524.0449+44.9473+0.47%
    SGDIDR=X
    4.6070-0.0032-0.07%
    SGDCNY=X
    1.0647+0.0063+0.59%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,210.90-0.10-0.01%
    GCM15.CMX
    16.51-0.11-0.66%
    SIK15.CMX
    75.84+0.44+0.59%
    ^XAU
    2.67-0.02-0.76%
    HGK15.CMX
    48.87+0.70+1.45%
    CLJ15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.53+0.06
    ^FVX
    2.02+0.05
    ^TNX
    2.61+0.04
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.975-0.085-8.02%
    N21.SI
    0.405-0.005-1.22%
    E5H.SI
    0.280.000.00%
    5WA.SI
    0.70-0.01-1.41%
    Y92.SI
    0.985+0.005+0.51%
    G13.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.17+0.03+21.43%
    40B.SI
    0.24+0.02+11.63%
    B1N.SI
    0.625+0.060+10.62%
    L5I.SI
    0.80+0.07+9.59%
    533.SI
    0.24+0.02+9.09%
    D79.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.42-0.04-8.70%
    CH8.SI
    0.105-0.010-8.70%
    J8O.SI
    0.14-0.01-8.50%
    5TJ.SI
    0.975-0.085-8.02%
    N21.SI
    0.29-0.03-7.94%
    AFC.SI