FOREX: NZDUSD falling for 3rd day, declines to 0.8200 area

2013.12.13 | NZDUSD Market Analysis

NZDUSD Trends & Major Market Levels

The NZDUSD currency pair has been falling in forex market trading today with the NZDUSD registering a high of 0.82524 and reaching to a low of 0.81781 on the day. Trends data shows the pair is crossing over into a short-term downtrend with prices trading under the 21-period linear moving average. Over the longer term trend, the pair continues to be in an uptrend as seen on the daily chart by the 90-day Linear Regression Channels below while our medium term trend over past 30-60 days shows a downtrend. The New Zealand dollar’s recent upward momentum was stopped at above the 0.8300 level and brought the pair back down to 0.8200 area. Look for further fall to 0.8100 if 0.8200 level fails to hold with the  major lower level of 0.8000 looming below (this level has not been reached since September 2013).


NZDUSD Trends Data: Linear Regression Indicator

10-day current trend is BULLISH / Trend strength of 103.5 pips
30-day current trend is BEARISH / Trend strength of -93.6 pips
60-day current trend is BEARISH / Trend strength of -135.5 pips
90-day current trend is BULLISH / Trend strength of 371.2 pips
180-day current trend is BULLISH / Trend strength of 37.8 pips

Fibonacci Retracement Levels: Past 100 Days

— 0.000 – 0.85410
— 0.236 – 0.83464
— 0.382 – 0.82260
— 0.500 – 0.81286
— 0.618 – 0.80313
— 0.764 – 0.79109
— 1.000 – 0.77163

 

By CountingPips.com – Forex Trading Apps & Currency Trade Tools

Disclaimer: Foreign Currency trading and trading on margin carries a high level of risk and volatility and can result in loss of part or all of your investment. All information and opinions contained do not constitute investment advice and accuracy of prices, charts, calculations cannot be guaranteed.

 

 

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