FOREX Technical Analysis: NZD/USD is Bullish against 8223

RELATED QUOTES

SymbolPriceChange
NZDUSD=X0.7109+0.001

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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  • Most Actives
    Most Actives
    NamePriceChange% Chg
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    N21.SI
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    40E.SI
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    Y92.SI
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    F13.SI
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    % Gainers
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    BTJ.SI
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    A04.SI
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    F13.SI
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    0.18-0.06-26.53%
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    1.5167+0.0013+0.09%
    EURSGD=X
    1.7228+0.0035+0.20%
    GBPSGD=X
    79.8120+0.05+0.06%
    SGDJPY=X
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    SGDHKD=X
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    1.0680-0.0002-0.02%
    AUDSGD=X
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