FOREX Technical Analysis: NZD/USD Short Term Focus is on 8260

RELATED QUOTES

SymbolPriceChange
NZDUSD=X0.6985-0.001

Daily Bars

FOREX_Technical_Analysis_NZDUSD_Short_Term_Focus_is_on_8260_body_nzdusd.png, FOREX Technical Analysis: NZD/USD Short Term Focus is on 8260

Chart Prepared by Jamie Saettele, CMT

FOREXAnalysis: I wrote last week that “one possibility is that the rally from Friday’s low is an impulse that gives way to corrective weakness before the next impulse in late November / early December.” That secondary low was registered last Wednesday at 8112. Like the AUDUSD, the NZDUSD reversed near its reversal day close (8124). A clean potential inverse head and shoulders in visible since 11/9.

FOREXTrading Strategy: Look higher towards at least 8260 as long as price is above 8165 (weakness below would create overlap).

LEVELS: 8164 8182 8202 8262 8308 8355

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Market Data

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    Currencies
    NamePriceChange% Chg
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    SGDCNY=X
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MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.345-0.025-6.76%
    5ME.SI
    0.136-0.005-3.55%
    43E.SI
    0.169-0.002-1.17%
    N21.SI
    3.18+0.05+1.60%
    C31.SI
    1.965-0.010-0.51%
    MC0.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.245+0.045+22.50%
    BTF.SI
    0.40+0.05+14.29%
    BDF.SI
    0.165+0.015+10.00%
    5G1.SI
    0.54+0.05+9.09%
    T55.SI
    0.25+0.02+8.70%
    BLW.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.33-0.02-5.71%
    5VP.SI
    0.20-0.04-16.67%
    BHO.SI
    0.22-0.04-15.38%
    M1Z.SI
    0.40-0.05-11.11%
    567.SI
    0.119-0.012-9.16%
    BGK.SI