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
NZD/USD Trades Through Minor Pivot High; Faces Trendline

NZD/USD Trades Through Minor Pivot High; Faces Trendline

Jamie Saettele, CMT, Sr. Technical Strategist


eliottWaves_nzd-usd_1_body_nzdusd.png, NZD/USD Trades Through Minor Pivot High; Faces Trendline

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Interested in automated trading with Mirror Trader?

FOREXAnalysis: NZDUSD divergence with AUDUSD has marked a low…the extent of which we do not know though. Recent comments noted that “the inability of price to make a new low with the AUDUSD on 6/28 and on 7/3 is action typical at turns. A triangle is also possible although above .7860 would eliminate that pattern.” Price has traded through .7860 although price still faces the 2-4 line (line that connects the ends of waves 2 and 4). The AUDUSD still needs to trade through .9252 in order to confirm the July high.

FOREXTrading Strategy: Flat

LEVELS: .7761 .7782 .7819 .7895 .7947 .8005

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