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.

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
EUR/USD
Bearish
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
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
Wall Street
Mixed
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
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
GBP/USD
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
USD/JPY
Mixed
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
NZD/USD Near Term Bullish Outcome a Possibility

NZD/USD Near Term Bullish Outcome a Possibility

2013-03-20 22:19:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

240 Minute Bars

eliottWaves_nzd-usd_body_nzdusd.png, NZD/USD Near Term Bullish Outcome a Possibility

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Are you new to FX or curious about your trading IQ?

FOREXAnalysis: “The NZDUSD has completely retraced last Wednesday’s RBNZ decline which fits with a larger correction of the decline from the February top. The .8200 level has served as support since late February on several occasions. Trading above .8280 would complete a short term bullish base and shift focus towards at least .8350 (former resistance and 50% retracement).”

FOREXTrading Strategy: Short term traders may wish to trade from long side IF price exceeds .8280 with targets at .8350 and .8400. I’m waiting to sell a secondary top…ideally near .8400. NZDUSD at the current juncture looks similar to the AUDUSD on 3/10.

LEVELS: .7914 .8052 .8155 .8285 .8350 .8391

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

DISCLOSURES

News & Analysis at your fingertips.