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

RELATED QUOTES

SymbolPriceChange
NZDUSD=X0.6625-0.0108

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
    1.3981+0.0094+0.67%
    USDSGD=X
    1.5728+0.0015+0.09%
    EURSGD=X
    2.0240+0.0124+0.62%
    GBPSGD=X
    80.7080-0.3722-0.46%
    SGDJPY=X
    5.5711-0.0392-0.70%
    SGDHKD=X
    2.9775-0.0022-0.07%
    SGDMYR=X
    9,648.7061-79.4775-0.82%
    SGDIDR=X
    4.7012-0.0334-0.71%
    SGDCNY=X
    0.9895-0.0002-0.02%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,235.90-11.90-0.95%
    GCJ16.CMX
    15.72-0.08-0.50%
    SIH16.CMX
    58.76
    ^XAU
    2.03+0.02+1.17%
    HGH16.CMX
    27.77+1.56+5.95%
    CLH16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.17
    ^FVX
    1.70
    ^TNX
    2.55
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.3050.0000.00%
    N21.SI
    1.595-0.015-0.93%
    MC0.SI
    3.58+0.04+1.13%
    Z74.SI
    0.360.000.00%
    E5H.SI
    2.82-0.03-1.05%
    C31.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.151+0.021+16.15%
    5PL.SI
    54.640.000.00%
    NF6.SI
    0.32+0.03+12.28%
    I06.SI
    0.147+0.014+10.53%
    5WJ.SI
    31.820.000.00%
    NF4.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.084-0.060-41.67%
    5PI.SI
    0.225-0.055-19.64%
    5SY.SI
    0.101-0.017-14.41%
    AZZ.SI
    0.51-0.06-9.73%
    BMH.SI
    0.80-0.08-9.09%
    S85.SI