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

RELATED QUOTES

SymbolPriceChange
NZDUSD=X0.7515-0.0052

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

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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3754+0.0053+0.39%
    USDSGD=X
    1.4889-0.0028-0.18%
    EURSGD=X
    2.0391-0.0009-0.04%
    GBPSGD=X
    87.3002+0.3175+0.37%
    SGDJPY=X
    5.6386-0.0205-0.36%
    SGDHKD=X
    2.6981+0.0126+0.47%
    SGDMYR=X
    9,521.8223-19.8262-0.21%
    SGDIDR=X
    4.5133-0.0191-0.42%
    SGDCNY=X
    1.0525-0.0071-0.67%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,183.90-15.90-1.33%
    GCJ15.CMX
    16.66-0.41-2.40%
    SIK15.CMX
    66.51-1.22-1.80%
    ^XAU
    2.78+0.01+0.40%
    HGK15.CMX
    48.20-0.67-1.37%
    CLK15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.41-0.01
    ^FVX
    1.950.00
    ^TNX
    2.55+0.02
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.170.00+1.80%
    5GB.SI
    0.134+0.003+2.29%
    E13.SI
    0.2850.0000.00%
    5WA.SI
    0.144+0.003+2.13%
    5G9.SI
    0.77+0.02+3.36%
    Y92.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.18+0.02+13.92%
    M11.SI
    0.113+0.012+11.88%
    5MM.SI
    0.99+0.10+11.24%
    NC9.SI
    0.194+0.019+10.86%
    B69.SI
    0.22+0.02+10.00%
    5UF.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.089-0.021-19.09%
    5TN.SI
    0.335-0.050-12.99%
    5DS.SI
    0.112-0.015-11.81%
    5NV.SI
    0.123-0.016-11.51%
    P36.SI
    0.138-0.014-9.21%
    K2P.SI