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
NZD/USD .8280-.8380 is Possible Near Term Trading Range

NZD/USD .8280-.8380 is Possible Near Term Trading Range

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

eliottWaves_nzd-usd_body_nzdusd.png, NZD/USD .8280-.8380 is Possible Near Term Trading Range

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader

-The 161.8% expansion of the 8/19-8/30 decline at .8436 has so far marked the top.

-After dropping below the 9/25 low and into a 2 week low during the Asian session, NZDUSD spent the rest of the day rallying, completely retracing the move. I’m wondering if the advance composes wave C of a flat. Watch for resistance near .8380.

Trading Strategy: Flat

LEVELS: .8192 .8211 .8260 | .8350 .8376 .8435

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

DISCLOSURES