Mon, May 21, 2012, 12:09 PM SGT - Singapore Markets close in 4 hrs 51 mins

NZD/USD Classical Technical Report 02.23

Daily_Classical_NZDUSD_body_nzd2.png, NZD/USD Classical Technical Report 02.23

NZD/USD: After trading well into overbought territory, daily studies are finally starting to roll over to warn of a near-term top and potential bearish reversal. Look for a break back below 0.8250 to confirm reversal prospects and open downside acceleration towards the 0.8000 area. A daily close back above 0.8550 however negates and gives reason for pause.

--- Written by Joel Kruger, Technical Currency Strategist

To contact Joel Kruger, email jskruger@dailyfx.com. Follow me on Twitter @JoelKruger

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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.2705-0.00-0.37%
    USDSGD=X
    1.6257-0.00-0.10%
    EURSGD=X
    2.0116-0.01-0.27%
    GBPSGD=X
    62.33810.37+0.60%
    SGDJPY=X
    6.11220.02+0.36%
    SGDHKD=X
    2.46410.01+0.30%
    SGDMYR=X
    7,283.1899-5.02-0.07%
    SGDIDR=X
    4.97870.02+0.31%
    SGDCNY=X
    1.2521-0.00-0.26%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,591.6017.10+1.09%
    GCK12.CMX
    28.6940.70+2.49%
    SIK12.CMX
    147.760.07+0.05%
    ^XAU
    3.4695-0.01-0.29%
    HGK12.CMX
    91.480003-1.08-1.17%
    CLM12.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    0.730.00
    ^FVX
    1.700.00
    ^TNX
    2.79-0.02
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.6450.01+1.57%
    E5H.SI
    0.1160.00+2.65%
    T09.SI
    1.750.02+1.16%
    O32.SI
    1.0850.00+0.00%
    N21.SI
    1.540.01+0.65%
    G13.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.3750.03+10.29%
    550.SI
    0.500.04+8.70%
    L5I.SI
    0.1320.01+4.76%
    5CN.SI
    0.350.01+4.48%
    B69.SI
    0.240.01+4.35%
    5DO.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.23-0.02-9.80%
    5PP.SI
    12.59-0.79-5.90%
    JC6.SI
    0.16-0.01-5.88%
    N6H.SI
    5.05-0.30-5.61%
    J0O.SI
    9.09-0.51-5.31%
    H1N.SI