FOREX Technical Analysis: NZD/USD Nearing December Low

RELATED QUOTES

SymbolPriceChange
NZDUSD=X0.7166-0.0017

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 MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.230.000.00%
    N21.SI
    0.106+0.002+1.92%
    5WA.SI
    0.40-0.03-5.88%
    E5H.SI
    0.153+0.002+1.32%
    5IF.SI
    0.114-0.004-3.39%
    AAJ.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.34+0.07+25.93%
    PA3.SI
    0.525+0.075+16.67%
    BLR.SI
    0.195+0.026+15.38%
    BRS.SI
    1.23+0.15+14.42%
    AYN.SI
    0.38+0.04+13.43%
    5CF.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.31-0.16-34.74%
    BCD.SI
    0.111-0.042-27.45%
    UV1.SI
    0.55-0.08-12.70%
    AWG.SI
    0.475-0.045-8.65%
    567.SI
    1.045-0.085-7.52%
    C76.SI

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.4205+0.0028+0.20%
    USDSGD=X
    1.4981-0.0064-0.43%
    EURSGD=X
    1.7706+0.0042+0.24%
    GBPSGD=X
    79.8980+0.134+0.17%
    SGDJPY=X
    5.4623-0.0091-0.17%
    SGDHKD=X
    3.1412-0.0024-0.08%
    SGDMYR=X
    9,403.9453-46.3057-0.49%
    SGDIDR=X
    4.8436-0.0051-0.11%
    SGDCNY=X
    1.08950.000.00%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,237.80-1.30-0.10%
    GCJ17.CMX
    18.00-0.03-0.14%
    SIH17.CMX
    91.73-0.83-0.89%
    ^XAU
    2.74+0.04+1.37%
    HGH17.CMX
    54.76+0.98+1.82%
    CLJ17.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.910.00
    ^FVX
    2.42-0.01
    ^TNX
    3.02-0.01
    ^TYX