FOREX Technical Analysis: NZD/USD is Bullish against 8223

RELATED QUOTES

SymbolPriceChange
NZDUSD=X0.7654-0.0006

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
    1.3525+0.004+0.29%
    USDSGD=X
    1.44830.000.00%
    EURSGD=X
    2.0122+0.0024+0.12%
    GBPSGD=X
    88.3372-0.087-0.10%
    SGDJPY=X
    5.7303-0.0169-0.29%
    SGDHKD=X
    2.6994+0.0088+0.33%
    SGDMYR=X
    9,582.5039-55.623-0.58%
    SGDIDR=X
    4.5861-0.0114-0.25%
    SGDCNY=X
    1.0416-0.0004-0.04%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,194.30+0.60+0.05%
    GCM15.CMX
    15.94+0.05+0.32%
    SIK15.CMX
    71.20+0.26+0.36%
    ^XAU
    2.73-0.01-0.22%
    HGK15.CMX
    57.62-0.26-0.45%
    CLM15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.32+0.03
    ^FVX
    1.90+0.05
    ^TNX
    2.57+0.07
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.290.00-1.69%
    5WA.SI
    4.33-0.08-1.81%
    Z74.SI
    1.04+0.01+1.46%
    G13.SI
    0.875-0.010-1.13%
    N21.SI
    0.23+0.01+4.55%
    5GB.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.295+0.030+11.32%
    G10.SI
    0.525+0.040+8.25%
    P9D.SI
    0.26+0.01+6.12%
    I85.SI
    0.117+0.008+7.34%
    41S.SI
    0.805+0.040+5.23%
    A23.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.20-0.05-20.00%
    5WD.SI
    0.23-0.02-9.80%
    41H.SI
    0.37-0.03-6.33%
    5VP.SI
    0.118-0.006-4.84%
    5PO.SI
    0.20-0.01-4.76%
    B26.SI