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

RELATED QUOTES

SymbolPriceChange
NZDUSD=X0.7072+0.001

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
    1.3540-0.0043-0.32%
    USDSGD=X
    1.4958+0.0036+0.24%
    EURSGD=X
    1.7885+0.0074+0.42%
    GBPSGD=X
    77.8560+0.793+1.03%
    SGDJPY=X
    5.7268+0.0176+0.31%
    SGDHKD=X
    3.0082+0.018+0.60%
    SGDMYR=X
    9,693.0215-2.1582-0.02%
    SGDIDR=X
    4.9268+0.0175+0.36%
    SGDCNY=X
    1.0150-0.0047-0.46%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,336.60+15.80+1.20%
    GCQ16.CMX
    20.33+0.65+3.29%
    SIU16.CMX
    107.61+4.61+4.48%
    ^XAU
    2.19-0.03-1.44%
    HGU16.CMX
    42.08-0.84-1.96%
    CLU16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.11-0.03
    ^FVX
    1.52-0.04
    ^TNX
    2.23-0.05
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.485-0.010-2.02%
    5TP.SI
    0.169+0.004+2.42%
    N21.SI
    0.375+0.010+2.74%
    E5H.SI
    0.131-0.003-2.24%
    43E.SI
    0.163+0.008+5.16%
    O9E.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.21+0.05+28.83%
    AZG.SI
    0.25+0.05+25.00%
    BLZ.SI
    0.157+0.026+19.85%
    UV1.SI
    0.191+0.026+15.76%
    AZT.SI
    0.35+0.03+11.11%
    AWC.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.415-0.075-15.31%
    BLL.SI
    0.205-0.035-14.58%
    D6U.SI
    0.136-0.020-12.82%
    Y06.SI
    0.35-0.05-12.50%
    BDF.SI
    0.245-0.030-10.91%
    PA3.SI