FOREX Technical Analysis: NZD/USD Fibonacci Retracement is at 8271

RELATED QUOTES

SymbolPriceChange
NZDUSD=X0.8578+0.0011

Daily Bars

eliottWaves_nzd-usd_body_nzdusd.png, FOREX Technical Analysis: NZD/USD Fibonacci Retracement is at 8271

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

FOREXAnalysis: The NZDUSD remains well above the latest swing low of 8155. The 61.8% retracement of the rally from that level was nearly reached today before most losses were retraced during the US session. Like the AUDUSD, I’d need to see a break below 8155 before trading from the short side.

FOREXTrading Strategy: Longs were stopped out at 8320. Stand aside for now.

LEVELS: 8155 8194 8271 8346 8393 8446

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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.2576-0.0006-0.04%
    USDSGD=X
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    EURSGD=X
    2.1121-0.0017-0.08%
    GBPSGD=X
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    SGDJPY=X
    6.1652+0.0025+0.04%
    SGDHKD=X
    2.6004+0.002+0.08%
    SGDMYR=X
    9,200.6504-55.376-0.60%
    SGDIDR=X
    4.9738+0.0068+0.14%
    SGDCNY=X
    1.1660+0.0007+0.06%
    AUDSGD=X
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    1,293.90+3.30+0.26%
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    ^XAU
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    HGK14.CMX
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    CLM14.NYM
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MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    2.22+0.010+0.45%
    JS8.SI
    0.122-0.001-0.81%
    B22.SI
    1.16+0.010+0.87%
    U6C.SI
    1.335-0.020-1.48%
    G13.SI
    1.235+0.020+1.65%
    S53.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.21+0.020+10.53%
    F86.SI
    0.167+0.015+9.87%
    5HH.SI
    0.116+0.010+9.43%
    O2I.SI
    0.72+0.050+7.46%
    5DP.SI
    1.315+0.084+6.82%
    O9A.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.141-0.013-8.44%
    5GD.SI
    0.151-0.009-5.63%
    A03.SI
    0.295-0.015-4.84%
    5IG.SI
    0.30-0.015-4.76%
    K29.SI
    1.05-0.050-4.55%
    T14.SI