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 5th Day Up; .8585 is a Huge Level in this Market

NZD/USD 5th Day Up; .8585 is a Huge Level in this Market

Jamie Saettele, CMT, Sr. Technical Strategist


eliottWaves_nzd-usd_body_nzdusd.png, NZD/USD 5th Day Up; .8585 is a Huge Level in this Market

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader

-NZDUSD is approaching a significant market level in .8585, the 4/12 close (that was a Friday and the market gapped down the next Monday, enduring the largest 1 day decline since 11/9/11), and 4/30 high.

-A near term change in trend would occur on a drop below .8370. Until then, focus is on.8585.

Trading Strategy: If going to fight what may turn out to be an emotional reversal, then consider EURNZD.

At least you’ve got some EURUSD breakout wind at your back.

LEVELS: .8370 .8415 .8435 | .8503 .8555 .8585

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