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

RELATED QUOTES

SymbolPriceChange
NZDUSD=X0.6907+0.0028

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.
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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3546-0.0032-0.24%
    USDSGD=X
    1.5561-0.0035-0.23%
    EURSGD=X
    1.9665-0.0022-0.11%
    GBPSGD=X
    79.0358+0.2353+0.30%
    SGDJPY=X
    5.7291+0.0121+0.21%
    SGDHKD=X
    2.9547-0.0098-0.33%
    SGDMYR=X
    9,841.6338-10.7354-0.11%
    SGDIDR=X
    4.8004+0.0165+0.35%
    SGDCNY=X
    1.0165+0.0038+0.38%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,282.90+8.50+0.67%
    GCM16.CMX
    17.49+0.18+1.06%
    SIN16.CMX
    83.27-3.96-4.54%
    ^XAU
    2.180.00-0.14%
    HGN16.CMX
    44.73+0.95+2.17%
    CLM16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.24-0.02
    ^FVX
    1.78-0.02
    ^TNX
    2.64-0.02
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.4250.0000.00%
    N21.SI
    0.485+0.035+7.78%
    42R.SI
    0.375-0.010-2.60%
    E5H.SI
    3.760.000.00%
    Z74.SI
    0.775+0.005+0.65%
    G13.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.325+0.040+14.04%
    B49.SI
    0.485+0.035+7.78%
    42R.SI
    0.425+0.030+7.59%
    42W.SI
    0.215+0.015+7.50%
    S71.SI
    0.24+0.03+14.29%
    Y35.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.20-0.02-11.11%
    L38.SI
    0.20-0.02-6.98%
    AWI.SI
    0.183-0.013-6.63%
    BDN.SI
    0.175-0.010-5.41%
    AWQ.SI
    0.265-0.015-5.36%
    A30.SI