FOREX Technical Analysis: NZD/USD Nearing December Low

RELATED QUOTES

SymbolPriceChange
NZDUSD=X0.7176-0.0002

Weekly Bars

eliottWaves_nzd-usd_body_nzdusd.png, FOREX Technical Analysis: NZD/USD Nearing December Low

Chart Prepared by Jamie Saettele, CMT

FOREXAnalysis: I wrote last week that “at the current juncture, weakness probably proves corrective (4th wave within rally from 11/16 low). Support is 8355/75. While I still expect weakness to prove corrective, today’s NZDJPY analysis suggests that we keep an open mind.” Weakness is proving impulsive, raising the possibility that a significant high is in place. Look towards 8170 near term.

FOREXTrading Strategy: Stops on shorts should be moved down to 8350.

LEVELS: 8052 8125 8170 8251 8300 8345

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.

--

Get stories like this on the Yahoo app and discover more every day.
Download it now.
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 MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.165+0.001+0.61%
    N21.SI
    0.158-0.004-2.47%
    40E.SI
    0.995-0.030-2.93%
    G13.SI
    0.375+0.010+2.74%
    5ME.SI
    0.194+0.010+5.43%
    SK3.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.38+0.09+33.33%
    BEH.SI
    0.16+0.02+14.29%
    40N.SI
    0.25+0.03+13.64%
    5UA.SI
    0.205+0.019+10.22%
    BHO.SI
    0.435+0.040+10.13%
    B58.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.265-0.095-26.39%
    BCD.SI
    0.17-0.05-24.44%
    42S.SI
    0.10-0.02-18.03%
    42U.SI
    0.10-0.02-16.67%
    UQ7.SI
    0.098-0.012-10.91%
    L02.SI

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.4230+0.0063+0.44%
    USDSGD=X
    1.5107-0.0131-0.86%
    EURSGD=X
    1.7909+0.0032+0.18%
    GBPSGD=X
    80.1370-0.052-0.06%
    SGDJPY=X
    5.4483-0.0245-0.45%
    SGDHKD=X
    3.1080-0.0211-0.67%
    SGDMYR=X
    9,341.2119-98.8281-1.05%
    SGDIDR=X
    4.8336-0.0191-0.39%
    SGDCNY=X
    1.0613+0.0008+0.08%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,170.70-4.30-0.37%
    GCZ16.CMX
    17.01-0.19-1.12%
    SIZ16.CMX
    82.15-0.42-0.51%
    ^XAU
    2.62-0.02-0.70%
    HGZ16.CMX
    50.85+1.08+2.17%
    CLF17.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.81+0.02
    ^FVX
    2.38+0.04
    ^TNX
    3.08+0.05
    ^TYX