FOREX Technical Analysis: NZD/USD 2012 High Within Earshot

RELATED QUOTES

SymbolPriceChange
NZDUSD=X0.7462-0.0024

Daily Bars

FOREX_Technical_Analysis_NZDUSD_2012_High_Within_Earshot_body_nzdusd.png, FOREX Technical Analysis: NZD/USD 2012 High Within Earshot

Chart Prepared by Jamie Saettele, CMT

FOREXAnalysis: The NZDUSD closed at its highest level since March 1st and is nearing the 2012 high, made on 2/29 at 8471. Focus throughout December remains higher towards the extremely well-defined technical confluence that surrounds 8550. 8308/40 is support to keep in mind for buying a dip.

FOREXTrading Strategy: I want to be long but not at this level as risk is too great. A drop into the mentioned 8300/40 would pique my interest although a conservative scale in approach is warranted given the rather large stop (8170).

LEVELS: 8317 8340 8377 8420 8472 8550

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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3702-0.0008-0.06%
    USDSGD=X
    1.5068-0.0058-0.38%
    EURSGD=X
    2.0846-0.0066-0.31%
    GBPSGD=X
    87.6307+0.03+0.03%
    SGDJPY=X
    5.6608+0.0043+0.08%
    SGDHKD=X
    2.6629-0.001-0.04%
    SGDMYR=X
    9,469.0781-34.96-0.37%
    SGDIDR=X
    4.5715+0.0005+0.01%
    SGDCNY=X
    1.0692+0.0022+0.21%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,196.20+0.10+0.01%
    GCJ15.CMX
    16.10-0.05-0.33%
    SIK15.CMX
    72.53-0.16-0.22%
    ^XAU
    2.64-0.01-0.51%
    HGK15.CMX
    50.93+0.17+0.33%
    CLJ15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.57-0.03
    ^FVX
    2.11-0.01
    ^TNX
    2.720.00
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    100.007-0.008-0.01%
    41H.SI
    1.06+0.05+5.47%
    N21.SI
    0.93-0.02-2.11%
    G13.SI
    0.280.000.00%
    5WA.SI
    4.18+0.07+1.70%
    Z74.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.143+0.037+34.91%
    40E.SI
    0.168+0.020+13.51%
    S71.SI
    0.119+0.014+13.33%
    5CH.SI
    0.194+0.019+10.86%
    5OQ.SI
    0.195+0.018+10.17%
    T19.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.255-0.050-16.39%
    T4B.SI
    0.185-0.040-17.78%
    MR8.SI
    0.235-0.010-4.08%
    M14.SI
    0.12-0.02-11.11%
    P07.SI
    0.184-0.021-10.24%
    A55.SI