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

RELATED QUOTES

SymbolPriceChange
NZDUSD=X0.8633-0.0015

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 Data

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    Currencies
    NamePriceChange% Chg
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    USDSGD=X
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    EURSGD=X
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    GBPSGD=X
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    SGDJPY=X
    6.2014+0.0141+0.23%
    SGDHKD=X
    2.5927+0.004+0.15%
    SGDMYR=X
    9,182.3682+57.3584+0.63%
    SGDIDR=X
    4.9748+0.0101+0.20%
    SGDCNY=X
    1.17310.000.00%
    AUDSGD=X
  • Commodities
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    NamePriceChange% Chg
    1,302.80+2.50+0.19%
    GCM14.CMX
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    CLK14.NYM
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MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.117-0.006-4.88%
    B22.SI
    1.275+0.020+1.59%
    N21.SI
    2.190.0000.00%
    JS8.SI
    0.605+0.015+2.54%
    E5H.SI
    0.97+0.060+6.59%
    B20.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.445+0.055+14.10%
    5UL.SI
    0.20+0.020+11.11%
    567.SI
    0.174+0.013+8.07%
    540.SI
    0.67+0.050+8.06%
    5VT.SI
    0.425+0.030+7.59%
    5FD.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.096-0.011-10.28%
    S13.SI
    0.315-0.025-7.35%
    O08.SI
    0.139-0.010-6.71%
    5GB.SI
    0.30-0.020-6.25%
    502.SI
    0.132-0.008-5.71%
    5BM.SI