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
More View more
FOREX Technical Analysis: NZD/USD Retraces Entire Opening Year Advance

FOREX Technical Analysis: NZD/USD Retraces Entire Opening Year Advance

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_nzd-usd_body_nzdusd.png, FOREX Technical Analysis: NZD/USD Retraces Entire Opening Year Advance

Chart Prepared by Jamie Saettele, CMT

FOREXAnalysis: The NZDUSD has been a trader’s dream in recent weeks, swinging violently in a greater than 300 pip range. Viewed in light of the sharp decline from the December high, yesterday’s sharp advance may be nothing more than the completion of an emotional 2nd wave.

FOREXTrading Strategy: From yesterday – “Shorting today’s rally offers great reward/risk against 8475.”

LEVELS: 8155 8194 8246 8290 8340 8396

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

DISCLOSURES