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

RELATED QUOTES

SymbolPriceChange
NZDUSD=X0.7118-0.0054

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
    1.3479-0.0001-0.01%
    USDSGD=X
    1.4815+0.0042+0.29%
    EURSGD=X
    2.0606-0.0042-0.20%
    GBPSGD=X
    91.8262-0.0988-0.11%
    SGDJPY=X
    5.7526+0.0008+0.01%
    SGDHKD=X
    2.7200+0.0123+0.45%
    SGDMYR=X
    9,808.5859+16.293+0.17%
    SGDIDR=X
    4.5993-0.001-0.02%
    SGDCNY=X
    1.0310-0.0008-0.07%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,192.10+3.30+0.28%
    GCQ15.CMX
    16.76+0.09+0.55%
    SIN15.CMX
    70.26+0.43+0.61%
    ^XAU
    2.75-0.02-0.74%
    HGN15.CMX
    58.48+0.46+0.79%
    CLQ15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.49-0.02
    ^FVX
    2.11-0.02
    ^TNX
    2.86-0.03
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.795-0.015-1.85%
    N21.SI
    4.13+0.01+0.24%
    Z74.SI
    0.290.000.00%
    5WA.SI
    0.325-0.010-2.99%
    AFC.SI
    0.420.00+1.20%
    E5H.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.45+0.05+12.50%
    AWX.SI
    1.32+0.12+10.00%
    AYO.SI
    0.50+0.04+9.89%
    MN5.SI
    0.119+0.009+8.18%
    540.SI
    0.15+0.01+7.14%
    5MD.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    1.24-0.56-31.11%
    AYC.SI
    0.139-0.041-22.78%
    40R.SI
    0.114-0.019-14.29%
    5UA.SI
    0.34-0.06-13.92%
    AWI.SI
    0.295-0.035-10.61%
    Y06.SI