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

RELATED QUOTES

SymbolPriceChange
NZDUSD=X0.6682-0.001

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

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.

--

Did you know that you can get stories like this on the Yahoo mail app?
Download it here.
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
    1.3506-0.0012-0.09%
    USDSGD=X
    1.4916+0.0074+0.50%
    EURSGD=X
    2.1008-0.0011-0.05%
    GBPSGD=X
    90.7412+0.4949+0.55%
    SGDJPY=X
    5.7408+0.0058+0.10%
    SGDHKD=X
    2.8050+0.0026+0.09%
    SGDMYR=X
    9,890.0088+0.9658+0.01%
    SGDIDR=X
    4.6250+0.0336+0.73%
    SGDCNY=X
    1.0121+0.0013+0.13%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,167.20+3.70+0.32%
    GCQ15.CMX
    15.64+0.02+0.14%
    SIZ15.CMX
    62.65+1.28+2.08%
    ^XAU
    2.57-0.06-2.32%
    HGU15.CMX
    55.07-1.86-3.27%
    CLQ15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.65-0.06
    ^FVX
    2.39-0.02
    ^TNX
    3.190.00
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.158+0.002+1.28%
    5DN.SI
    0.305+0.005+1.67%
    5WA.SI
    0.73-0.02-2.67%
    N21.SI
    2.52-0.01-0.40%
    MC0.SI
    0.895-0.015-1.65%
    G13.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.138+0.011+8.66%
    D3W.SI
    0.51+0.03+6.25%
    AZZ.SI
    0.145+0.007+5.07%
    K2P.SI
    0.64+0.03+4.92%
    AXV.SI
    0.505+0.020+4.12%
    P19.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    1.03-0.10-8.85%
    AXL.SI
    0.20-0.04-16.67%
    MR8.SI
    1.240.000.00%
    S44.SI
    0.20-0.02-6.98%
    TI6.SI
    0.27-0.02-6.90%
    S46.SI