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.

0

Notifications

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

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
Oil - US Crude
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
More View more
NZDUSD Fibonacci Relationships at 8135 and 8187

NZDUSD Fibonacci Relationships at 8135 and 8187

Jamie Saettele, CMT, Sr. Technical Strategist

Weekly Bars

eliottWaves_nzd-usd_body_nzdusd.png, NZDUSD Fibonacci Relationships at 8135 and 8187

Prepared by Jamie Saettele, CMT

“The NZDUSD bullish key reversal today turns the tables and probably completed a flat from 8075. If the interpretation is correct, then the next few weeks should see 8075 exceeded and the trendline that extends off of the 2011 and 2012 highs to the test.” Today’s action reaffirms yesterday’s comments. Bigger picture, the rally from the June 1 high is probably wave c within a triangle from the November low (B wave triangle). Levels to watch for a top are 8135 (c = 61.8% of a) and 8190 (61.8% extension of 7455-8075 rally). The latter level is in line with trendline resistance next week.

LEVELS: 7930 7955 7980 8075 8135 8187

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

DISCLOSURES