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 Trend is Sideways; Move Could Fail Wednesday

NZD/USD Trend is Sideways; Move Could Fail Wednesday

Jamie Saettele, CMT, Sr. Technical Strategist


eliottWaves_nzd-usd_body_Picture_7.png, NZD/USD Trend is Sideways; Move Could Fail Wednesday

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-NZDUSD is best described as a short term (this month) uptrend within a longer term (since Sep) sideways trend that proves an important topping process.

-.8390-.8445 is a possible topping area this month. An uncovered close remains at .8126 and is possible support.

Trading Strategy: Might get an opportunity to short at mentioned zone. I am also watching EURNZD and GBPNZD for long entries.

LEVELS: .8100 .8132 .8206 | .8282 .8309 .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.