FOREX Technical Analysis: NZD/USD 2012 High Within Earshot

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SymbolPriceChange
NZDUSD=X0.7249+0.0007

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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  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.139+0.003+2.21%
    N21.SI
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    BS6.SI
    0.144+0.001+0.70%
    5DM.SI
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    5ME.SI
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    5SO.SI
  • % Gainers
    % Gainers
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    0.197+0.015+8.24%
    43B.SI
    0.60+0.04+7.14%
    BDR.SI
    0.62+0.04+6.90%
    BMT.SI
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    BJE.SI
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    5RE.SI
  • % Losers
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    NamePriceChange% Chg
    0.31-0.06-17.33%
    AZT.SI
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    BLR.SI
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    USDSGD=X
    1.5286+0.005+0.33%
    EURSGD=X
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    GBPSGD=X
    74.0270-0.095-0.13%
    SGDJPY=X
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    SGDHKD=X
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    SGDMYR=X
    9,606.9658-48.5674-0.50%
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    SGDCNY=X
    1.0375+0.0025+0.24%
    AUDSGD=X
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    GCZ16.CMX
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    SIZ16.CMX
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