FOREX Technical Analysis: NZD/USD is Bullish against 8223

RELATED QUOTES

SymbolPriceChange
NZDUSD=X0.6895+0.0016

Daily Bars

eliottWaves_nzd-usd_body_nzdusd.png, FOREX Technical Analysis: NZD/USD is Bullish against 8223

Chart Prepared by Jamie Saettele, CMT

FOREXAnalysis: The NZDUSD continues to trade near multiyear highs. The latest dip, from 8460, is in 3 waves and suggests that the trend is bullish. As long as price is above the terminus of that 3 wave pattern (8323), I see no reason to fight strength.

FOREXTrading Strategy: Longs were taken Friday. Like the AUDUSD, last week’s low (in this case Thursday’s low) now serves as the pivot.

LEVELS: 8323 8360 8395 8476 8571 8600

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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3555-0.0023-0.17%
    USDSGD=X
    1.5571-0.0025-0.16%
    EURSGD=X
    1.9676-0.0011-0.05%
    GBPSGD=X
    79.0137+0.2132+0.27%
    SGDJPY=X
    5.7251+0.008+0.14%
    SGDHKD=X
    2.9547-0.0099-0.33%
    SGDMYR=X
    9,852.2715-0.09770.00%
    SGDIDR=X
    4.7981+0.0143+0.30%
    SGDCNY=X
    1.0157+0.003+0.29%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,283.70+9.30+0.73%
    GCM16.CMX
    17.49+0.18+1.06%
    SIN16.CMX
    83.27-3.96-4.54%
    ^XAU
    2.18-0.01-0.34%
    HGN16.CMX
    44.74+0.96+2.19%
    CLM16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.24-0.02
    ^FVX
    1.78-0.02
    ^TNX
    2.64-0.02
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.42-0.01-1.18%
    N21.SI
    0.380.00-1.30%
    E5H.SI
    0.475+0.025+5.56%
    42R.SI
    3.760.000.00%
    Z74.SI
    0.415+0.020+5.06%
    42W.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.325+0.040+14.04%
    B49.SI
    0.415+0.020+5.06%
    42W.SI
    0.475+0.025+5.56%
    42R.SI
    0.79+0.04+4.64%
    5ER.SI
    0.245+0.010+4.26%
    5UZ.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.20-0.02-11.11%
    L38.SI
    0.172-0.013-7.03%
    AWQ.SI
    0.20-0.02-6.98%
    AWI.SI
    0.21-0.01-2.33%
    5IG.SI
    0.196-0.009-4.39%
    I07.SI