News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
NZDUSD at 2nd Standard Deviation Band

NZDUSD at 2nd Standard Deviation Band

Jamie Saettele, CMT, Sr. Technical Strategist

240 Minute Bars

eliottWaves_nzd-usd_body_nzdusd.png, NZDUSD at 2nd Standard Deviation Band

Prepared by Jamie Saettele, CMT

The NZDUSD also realized its 2nd largest advance of the year (2nd to the 1/3 advance). Volatility has contracted to the point that price closed above its 2nd standard deviation band (20 day). This is worth noting because the initial break of a tight range is often a false break (this was noted with the USDJPY back in December and January). 8287-8320 is resistance. A pop above 8287 may complete the advance from 8060. 8240/50 is short term support.

Bottom Line (next 5 days) – topping/lower?

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.