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

RELATED QUOTES

SymbolPriceChange
NZDUSD=X0.6686-0.001

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

  • Currencies
    Currencies
    NamePriceChange% Chg
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    SGDIDR=X
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    SGDCNY=X
    0.9903-0.0004-0.05%
    AUDSGD=X
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    1,205.10-17.60-1.44%
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MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.300.00-1.64%
    N21.SI
    0.142+0.004+2.90%
    5DM.SI
    0.755+0.020+2.72%
    G13.SI
    0.79+0.05+6.76%
    5HJ.SI
    3.91-0.02-0.51%
    Z74.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.525+0.070+15.38%
    BJE.SI
    1.30+0.12+10.64%
    BDV.SI
    0.88+0.08+10.00%
    G41.SI
    0.35+0.01+4.48%
    F03.SI
    0.27+0.02+8.00%
    BDU.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.145-0.015-9.38%
    M14.SI
    0.35-0.03-9.09%
    42E.SI
    0.181-0.017-8.59%
    BDN.SI
    0.26-0.02-7.14%
    5SY.SI
    0.335-0.025-6.94%
    BFU.SI