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 Near Term Picture is Jumbled; Sideways Market

NZD/USD Near Term Picture is Jumbled; Sideways Market

Jamie Saettele, CMT, Sr. Technical Strategist


eliottWaves_nzd-usd_body_Picture_7.png, NZD/USD Near Term Picture is Jumbled; Sideways Market

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses

-NZDUSD completed a short term inverse head and shoulders earlier this week but the breakout failed. Dips continue to find support at near term trendline support (I don’t draw trendlines off of spikes…the NFP spike is highlighted in yellow).

-I can best describe this market as a short term uptrend within a longer term sideways trend.

Trading Strategy: Triggered long at .8240, stop .8190, target .8440

LEVELS: .8132 .8200 .8218 | .8267 .8329 .8367

--- Written by Jamie Saettele, CMT, Senior Technical Strategist for

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