Advertisement
Australia markets closed

  • ALL ORDS

    8,022.70
    +28.50 (+0.36%)
     

  • ASX 200

    7,749.00
    +27.40 (+0.35%)
     

  • AUD/USD

    0.6608
    -0.0013 (-0.20%)
     

  • OIL

    78.59
    -0.67 (-0.85%)
     

  • GOLD

    2,370.70
    +30.40 (+1.30%)
     

  • Bitcoin AUD

    92,362.29
    -2,297.47 (-2.43%)
     

  • CMC Crypto 200

    1,261.52
    -96.48 (-7.11%)
     

  • AUD/EUR

    0.6131
    -0.0007 (-0.11%)
     

  • AUD/NZD

    1.0976
    +0.0008 (+0.07%)
     

  • NZX 50

    11,755.17
    +8.59 (+0.07%)
     

  • NASDAQ

    18,138.57
    +25.11 (+0.14%)
     

  • FTSE

    8,433.76
    +52.41 (+0.63%)
     

  • Dow Jones

    39,479.27
    +91.51 (+0.23%)
     

  • DAX

    18,772.85
    +86.25 (+0.46%)
     

  • Hang Seng

    18,963.68
    +425.87 (+2.30%)
     

  • NIKKEI 225

    38,229.11
    +155.13 (+0.41%)
     

NZD/USD Sits on Support Shelf Before RBNZ

Jamie Saettele, CMT

Daily

NZD/USD Sits on Support Shelf Before RBNZ
NZD/USD Sits on Support Shelf Before RBNZ

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-“Don’t forget about the line that extends off of the 1996 and 2007 highs. That line crosses through the 2008, 2011, and highs as well. The rate has traded off of that level. In 2011 (record free float high), the rate surged through the line in late July before topping on August 1st.”

-“The momentum profile (divergence at the last 2 highs with the most recent top accompanied by RSI < 70) warns of an important top.”

LEVELS: .8513 .8543 .8571 | .8623 .8647 .8675

--Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.

ADVERTISEMENT


original source

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.