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 Tests Former Support from May 23 Low

NZD/USD Tests Former Support from May 23 Low

Jamie Saettele, CMT, Sr. Technical Strategist


eliottWaves_nzd-usd_body_nzdusd.png, NZD/USD Tests Former Support from May 23 Low

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Interested in automated trading with Mirror Trader?

FOREXAnalysis: The NZDUSD registered its highest close since 6/19 today as well. For the 3rd consecutive week, price is testing the underside of the line that extends off of the May 2010 and May 2012 lows. The former 4th wave extreme near .8150 is a level to keep in mind as resistance if price can break through. At the moment, price is pressing against the 5/23 low and parallel channel resistance (using the June low…the solid line uses the July low).

FOREXTrading Strategy: Flat

LEVELS: .7749 .7860 .7907 .8005 .8052 .8136

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