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.

Free Trading Guides
EUR/USD
Mixed
Oil - US Crude
Bearish
Wall Street
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Mixed
GBP/USD
Bullish
USD/JPY
Mixed
More View more
Real Time News
  • SINGAPORE Q1 GDP -4.7% q/q annualized vs -8.2% expected, -10.6% earlier estimate #USDSGD
  • Heads Up:🇸🇬 GDP Growth Rate YoY Final due at 00:30 GMT (15min) Actual: -0.7% Expected: -1.5% Previous: 1% https://www.dailyfx.com/economic-calendar#2020-05-26
  • Heads Up:🇸🇬 GDP Growth Rate QoQ Final due at 00:30 GMT (15min) Actual: -4.7% Expected: -7.4% Previous: 0.6% https://www.dailyfx.com/economic-calendar#2020-05-26
  • On Friday, EUR/GBP surged to an over six-week high at 0.8940 then closed the weekly candlestick in the green with a 2.3% gain. Get your $EURGBP market update from @malkudsi here: https://t.co/ln09Ijn7rd https://t.co/oOiE19ZCuW
  • Heads Up:🇸🇬 GDP Growth Rate YoY Final due at 00:00 GMT (15min) Expected: -1.5% Previous: 1% https://www.dailyfx.com/economic-calendar#2020-05-26
  • Heads Up:🇸🇬 GDP Growth Rate QoQ Final due at 00:00 GMT (15min) Expected: -7.4% Previous: 0.6% https://www.dailyfx.com/economic-calendar#2020-05-26
  • 🇳🇿 Balance of Trade Actual: N$1267M Previous: N$722M https://www.dailyfx.com/economic-calendar#2020-05-25
  • 🇳🇿 Balance of Trade Actual: N$1,267M Previous: N$672M https://www.dailyfx.com/economic-calendar#2020-05-25
  • Heads Up:🇳🇿 Balance of Trade due at 22:45 GMT (15min) Previous: N$672M https://www.dailyfx.com/economic-calendar#2020-05-25
  • Crude oil prices wilted in Asia on Friday despite a strong start as news that China will impose more stringent control over Hong Kong saw a broad retreat for market risk appetite. Get your #oil market update from @DavidCottleFX here: https://t.co/89SH5T3315 https://t.co/awlGiVCVpc
NZDUSD Technical Confluence Near 7650

NZDUSD Technical Confluence Near 7650

2012-05-15 22:36:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Daily Bars

eliottWaves_nzd-usd_body_nzdusd.png, NZDUSD Technical Confluence Near 7650

Prepared by Jamie Saettele, CMT

The NZDUSD easily sliced through the trendline that extends off of the 2009 and late 2011 lows. More importantly, price has dropped below the 2012 low (which had been made on the first trading day of the year) to mark an intrayear reversal. The late December pivot low at 7650 (also the 161.8% extension of the 8471-8061 decline) is just below the current level. Trendline supports are at about 7620 and 7550 over the next few days. The downside remains favored below 7823 towards 7620/50 but realize that momentum is getting to a level that has historically led to at least a countertrend move (the same can be said for the EURUSD and AUDUSD).

LEVELS: 7972 7900 7823 7740 7650 7620 7550

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

DISCLOSURES

News & Analysis at your fingertips.