NZD/USD in No Man’s Land ahead of Trendline Support

RELATED QUOTES

SymbolPriceChange
NZDUSD=X0.7172-0.0006

Daily Bars

eliottWaves_nzd-usd_body_nzdusd.png, NZD/USD in No Man’s Land ahead of Trendline Support

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

FOREXAnalysis: The NZDUSD took quite a dive in recent days but price remains above trendline support. “As long as price is above 8280, trend is considered constructive towards 8570. An upward sloping trendline intersects 8570 in 2 weeks. The January low at 8195 is the bearish pivot which leaves 8195-8280 as the ‘dead zone’. Those that trade in the ‘dead zone’ are subject to getting chopped up.”

FOREXTrading Strategy: Flat

LEVELS: 8155 8195 8280 8373 8431 8479

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.

--

Get stories like this on the Yahoo app and discover more every day.
Download it now.
Loading...
 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.165+0.001+0.61%
    N21.SI
    0.158-0.004-2.47%
    40E.SI
    0.995-0.030-2.93%
    G13.SI
    0.375+0.010+2.74%
    5ME.SI
    0.194+0.010+5.43%
    SK3.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.38+0.09+33.33%
    BEH.SI
    0.16+0.02+14.29%
    40N.SI
    0.25+0.03+13.64%
    5UA.SI
    0.205+0.019+10.22%
    BHO.SI
    0.435+0.040+10.13%
    B58.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.265-0.095-26.39%
    BCD.SI
    0.17-0.05-24.44%
    42S.SI
    0.10-0.02-18.03%
    42U.SI
    0.10-0.02-16.67%
    UQ7.SI
    0.098-0.012-10.91%
    L02.SI

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.4239+0.0071+0.50%
    USDSGD=X
    1.5109-0.0129-0.85%
    EURSGD=X
    1.7907+0.003+0.17%
    GBPSGD=X
    80.1240-0.065-0.08%
    SGDJPY=X
    5.4452-0.0276-0.50%
    SGDHKD=X
    3.1052-0.0239-0.76%
    SGDMYR=X
    9,345.1035-94.9365-1.01%
    SGDIDR=X
    4.8292-0.0235-0.48%
    SGDCNY=X
    1.0608+0.0003+0.03%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,170.10-4.90-0.42%
    GCZ16.CMX
    17.04-0.16-0.95%
    SIZ16.CMX
    82.25-0.33-0.40%
    ^XAU
    2.62-0.02-0.72%
    HGZ16.CMX
    50.76+0.99+1.99%
    CLF17.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.83+0.03
    ^FVX
    2.40+0.05
    ^TNX
    3.10+0.07
    ^TYX