FOREX Technical Analysis: NZD/USD 2012 High Within Earshot

RELATED QUOTES

SymbolPriceChange
NZDUSD=X0.7473-0.0022

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
    1.3722-0.0042-0.31%
    USDSGD=X
    1.4740-0.0159-1.07%
    EURSGD=X
    2.0341-0.0035-0.17%
    GBPSGD=X
    87.4927+0.2034+0.23%
    SGDJPY=X
    5.6493+0.015+0.27%
    SGDHKD=X
    2.7016+0.0037+0.14%
    SGDMYR=X
    9,521.2148+4.7178+0.05%
    SGDIDR=X
    4.5174+0.0061+0.13%
    SGDCNY=X
    1.0440-0.0091-0.87%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,183.30-1.50-0.13%
    GCJ15.CMX
    16.64-0.04-0.23%
    SIK15.CMX
    65.50-1.02-1.54%
    ^XAU
    2.74-0.04-1.56%
    HGK15.CMX
    47.49-1.19-2.44%
    CLK15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.38-0.04
    ^FVX
    1.93-0.03
    ^TNX
    2.54-0.01
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.2850.0000.00%
    5WA.SI
    0.172+0.002+1.18%
    5GB.SI
    0.131-0.003-2.24%
    E13.SI
    0.183+0.016+9.58%
    A50.SI
    0.425-0.010-2.30%
    E5H.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.15+0.04+36.36%
    5IF.SI
    0.148+0.018+13.85%
    L10.SI
    0.155+0.018+13.14%
    K14.SI
    0.139+0.016+13.01%
    P36.SI
    0.169+0.019+12.67%
    5PI.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.11-0.03-23.61%
    5GF.SI
    0.22-0.03-12.00%
    O08.SI
    0.22-0.03-10.20%
    5WJ.SI
    0.116-0.013-10.08%
    V69.SI
    0.29-0.03-9.38%
    40U.SI