FOREX Technical Analysis: NZD/USD Nearing December Low

RELATED QUOTES

SymbolPriceChange
NZDUSD=X0.6999+0.0001

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

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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3578+0.0029+0.22%
    USDSGD=X
    1.4892-0.0043-0.29%
    EURSGD=X
    1.7814-0.011-0.61%
    GBPSGD=X
    77.8930-0.428-0.55%
    SGDJPY=X
    5.7044-0.0166-0.29%
    SGDHKD=X
    2.9897-0.0071-0.24%
    SGDMYR=X
    9,684.1836+18.9121+0.20%
    SGDIDR=X
    4.9223-0.0028-0.06%
    SGDCNY=X
    1.0128-0.0024-0.24%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,322.10-8.90-0.67%
    GCQ16.CMX
    19.69-0.12-0.63%
    SIU16.CMX
    103.74-0.30-0.29%
    ^XAU
    2.24-0.02-1.00%
    HGU16.CMX
    44.26-0.49-1.09%
    CLU16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.12+0.02
    ^FVX
    1.570.00
    ^TNX
    2.29-0.01
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.425-0.035-7.61%
    5TP.SI
    0.37-0.01-3.90%
    5ME.SI
    0.1710.0000.00%
    N21.SI
    0.141+0.001+0.71%
    43E.SI
    0.116+0.002+1.75%
    RE4.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.177+0.047+36.15%
    O08.SI
    0.15+0.02+16.28%
    AZG.SI
    0.15+0.02+15.38%
    5MQ.SI
    0.19+0.02+14.46%
    P36.SI
    0.15+0.02+12.78%
    5G1.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.205-0.090-30.51%
    BCZ.SI
    0.23-0.06-22.03%
    5VI.SI
    0.156-0.044-22.00%
    Y06.SI
    0.35-0.07-16.67%
    BDF.SI
    0.38-0.05-11.63%
    AYV.SI