FOREX Technical Analysis: NZD/USD 2012 High Within Earshot

RELATED QUOTES

SymbolPriceChange
NZDUSD=X0.7679-0.0005

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
    1.3450-0.0013-0.10%
    USDSGD=X
    1.4552+0.0004+0.03%
    EURSGD=X
    2.0108-0.0013-0.06%
    GBPSGD=X
    88.3309-0.015-0.02%
    SGDJPY=X
    5.7626+0.0046+0.08%
    SGDHKD=X
    2.7007+0.0026+0.10%
    SGDMYR=X
    9,542.0176+9.1895+0.10%
    SGDIDR=X
    4.6066+0.0044+0.10%
    SGDCNY=X
    1.0531+0.0052+0.49%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,204.10+5.80+0.48%
    GCQ15.CMX
    16.23-0.06-0.36%
    SIK15.CMX
    70.95+0.05+0.07%
    ^XAU
    2.77+0.01+0.22%
    HGK15.CMX
    57.32-0.38-0.65%
    CLM15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.290.00
    ^FVX
    1.85-0.03
    ^TNX
    2.50-0.05
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.2350.0000.00%
    5GB.SI
    0.290.000.00%
    5WA.SI
    0.199+0.001+0.51%
    5OU.SI
    0.205+0.024+13.26%
    B0Z.SI
    0.885+0.010+1.14%
    N21.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.205+0.024+13.26%
    B0Z.SI
    0.117+0.013+12.50%
    41S.SI
    0.78+0.08+11.43%
    AUE.SI
    0.49+0.05+11.36%
    UV1.SI
    0.199+0.018+9.94%
    K22.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.141-0.023-14.02%
    5RC.SI
    0.186-0.029-13.49%
    5TS.SI
    0.139-0.016-10.32%
    5MD.SI
    0.235-0.025-9.62%
    ACW.SI
    0.105-0.010-8.70%
    J8O.SI