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

RELATED QUOTES

SymbolPriceChange
NZDUSD=X0.7614+0.0007

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

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    Currencies
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MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.85+0.01+1.19%
    N21.SI
    0.2850.0000.00%
    5TP.SI
    1.275+0.005+0.39%
    5ME.SI
    0.470.00-1.05%
    5DN.SI
    4.40+0.03+0.69%
    Z74.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.335+0.010+3.08%
    41C.SI
    0.545+0.015+2.83%
    SK3.SI
    0.215+0.015+7.50%
    D38.SI
    0.405+0.020+5.19%
    TI6.SI
    0.755+0.045+6.34%
    5DD.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.105-0.016-13.22%
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    A6F.SI
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    K14.SI
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    D6U.SI
    0.220.00+0.92%
    5TR.SI