FOREX Technical Analysis: NZD/USD 2012 High Within Earshot

RELATED QUOTES

SymbolPriceChange
NZDUSD=X0.8556-0.0065

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
    1.2589+0.0034+0.27%
    USDSGD=X
    1.7370+0.0022+0.13%
    EURSGD=X
    2.1119+0.0053+0.25%
    GBPSGD=X
    81.4450-0.2288-0.28%
    SGDJPY=X
    6.1591-0.0165-0.27%
    SGDHKD=X
    2.5969-0.0042-0.16%
    SGDMYR=X
    9,238.9590-60.7256-0.65%
    SGDIDR=X
    4.9594-0.0093-0.19%
    SGDCNY=X
    1.1653-0.0006-0.05%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,275.00-9.60-0.75%
    GCM14.CMX
    19.21-0.23-1.17%
    SIK14.CMX
    92.88
    ^XAU
    3.10+0.04+1.31%
    HGK14.CMX
    101.83+0.39+0.38%
    CLM14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.77
    ^FVX
    2.73
    ^TNX
    3.50
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.123+0.001+0.82%
    B22.SI
    0.15+0.008+5.63%
    545.SI
    0.635+0.040+6.72%
    5WH.SI
    0.615+0.005+0.82%
    E5H.SI
    1.355+0.005+0.37%
    G13.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    20.00+4.200+26.58%
    K6S.SI
    1.215+0.190+18.54%
    S53.SI
    0.415+0.045+12.16%
    570.SI
    1.345+0.130+10.70%
    5DA.SI
    0.154+0.014+10.00%
    5GD.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.053-0.059-52.68%
    5TF.SI
    1.62-0.520-24.30%
    N02.SI
    0.20-0.020-9.09%
    E94.SI
    0.179-0.013-6.77%
    567.SI
    0.30-0.020-6.25%
    508.SI