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

RELATED QUOTES

SymbolPriceChange
NZDUSD=X0.7476-0.0019

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

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3730-0.0034-0.24%
    USDSGD=X
    1.4728-0.0171-1.15%
    EURSGD=X
    2.0373-0.0003-0.02%
    GBPSGD=X
    87.3311+0.0418+0.05%
    SGDJPY=X
    5.6460+0.0118+0.21%
    SGDHKD=X
    2.6973-0.0006-0.02%
    SGDMYR=X
    9,517.0664+0.5693+0.01%
    SGDIDR=X
    4.5165+0.0051+0.11%
    SGDCNY=X
    1.0460-0.0072-0.68%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,186.60+1.80+0.15%
    GCJ15.CMX
    16.64-0.03-0.20%
    SIK15.CMX
    65.53-0.99-1.48%
    ^XAU
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    HGK15.CMX
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    CLK15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.38-0.04
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    1.93-0.03
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    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.2850.0000.00%
    5WA.SI
    0.172+0.002+1.18%
    5GB.SI
    0.131-0.003-2.24%
    E13.SI
    0.183+0.016+9.58%
    A50.SI
    0.425-0.010-2.30%
    E5H.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.15+0.04+36.36%
    5IF.SI
    0.148+0.018+13.85%
    L10.SI
    0.155+0.018+13.14%
    K14.SI
    0.139+0.016+13.01%
    P36.SI
    0.169+0.019+12.67%
    5PI.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.11-0.03-23.61%
    5GF.SI
    0.22-0.03-12.00%
    O08.SI
    0.22-0.03-10.20%
    5WJ.SI
    0.116-0.013-10.08%
    V69.SI
    0.29-0.03-9.38%
    40U.SI