FOREX Technical Analysis: NZD/USD Reverses after Testing 12/14 Low

RELATED QUOTES

SymbolPriceChange
NZDUSD=X0.8566-0.0055

Daily Bars

eliottWaves_nzd-usd_body_nzdusd.png, FOREX Technical Analysis: NZD/USD Reverses after Testing 12/14 Low

Chart Prepared by Jamie Saettele, CMT

FOREXAnalysis: The NZDUSD has been a trader’s dream in recent weeks, swinging violently in a greater than 300 pip range. Viewed in light of the sharp decline from the December high, today’s sharp advance may be nothing more than the completion of an emotional 2nd wave.

FOREXTrading Strategy: Shorting today’s rally offers great reward/risk against 8475. EURNZD long is another option.

LEVELS: 8194 8246 8291 8313 8350 8396

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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.2585+0.0031+0.24%
    USDSGD=X
    1.7393+0.0046+0.26%
    EURSGD=X
    2.1143+0.0077+0.37%
    GBPSGD=X
    81.2048-0.4691-0.57%
    SGDJPY=X
    6.1607-0.0149-0.24%
    SGDHKD=X
    2.5976-0.0036-0.14%
    SGDMYR=X
    9,253.1904-46.4941-0.50%
    SGDIDR=X
    4.9654-0.0033-0.07%
    SGDCNY=X
    1.16590.000.00%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,288.40+3.80+0.30%
    GCM14.CMX
    19.59+0.15+0.78%
    SIK14.CMX
    92.35-0.53-0.57%
    ^XAU
    3.12+0.06+1.88%
    HGK14.CMX
    101.99+0.55+0.54%
    CLM14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.75+0.03
    ^FVX
    2.70+0.01
    ^TNX
    3.48+0.01
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.123+0.001+0.82%
    B22.SI
    0.15+0.008+5.63%
    545.SI
    0.635+0.040+6.72%
    5WH.SI
    0.615+0.005+0.82%
    E5H.SI
    1.355+0.005+0.37%
    G13.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    20.00+4.200+26.58%
    K6S.SI
    1.215+0.190+18.54%
    S53.SI
    0.415+0.045+12.16%
    570.SI
    1.345+0.130+10.70%
    5DA.SI
    0.154+0.014+10.00%
    5GD.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.053-0.059-52.68%
    5TF.SI
    1.62-0.520-24.30%
    N02.SI
    0.20-0.020-9.09%
    E94.SI
    0.179-0.013-6.77%
    567.SI
    0.30-0.020-6.25%
    508.SI