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

RELATED QUOTES

SymbolPriceChange
NZDUSD=X0.7125-0.0015

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 MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.166-0.001-0.60%
    N21.SI
    0.155+0.003+1.97%
    AFC.SI
    0.189-0.006-3.08%
    SK3.SI
    0.43-0.01-2.27%
    E5H.SI
    0.37-0.01-2.63%
    5ME.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.285+0.035+14.00%
    AYV.SI
    0.41+0.03+9.33%
    BJV.SI
    0.235+0.020+9.30%
    40D.SI
    0.30+0.02+7.14%
    5PC.SI
    0.225+0.015+7.14%
    I07.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.245-0.095-27.94%
    I06.SI
    0.08-0.03-24.53%
    AWO.SI
    0.18-0.02-9.55%
    AZT.SI
    0.199-0.021-9.55%
    G10.SI
    0.112-0.011-8.94%
    5AM.SI

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.4181-0.0001-0.01%
    USDSGD=X
    1.5226-0.0034-0.22%
    EURSGD=X
    1.8098+0.0048+0.27%
    GBPSGD=X
    80.3000+0.108+0.13%
    SGDJPY=X
    5.4662+0.0017+0.03%
    SGDHKD=X
    3.1263-0.0086-0.27%
    SGDMYR=X
    9,464.0322-34.7617-0.37%
    SGDIDR=X
    4.8493-0.0004-0.01%
    SGDCNY=X
    1.0575-0.0021-0.20%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,170.40-3.60-0.31%
    GCZ16.CMX
    16.76-0.06-0.35%
    SIZ16.CMX
    82.79
    ^XAU
    2.66-0.03-1.12%
    HGZ16.CMX
    50.60-1.19-2.30%
    CLF17.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.84
    ^FVX
    2.39
    ^TNX
    3.07
    ^TYX