FOREX Technical Analysis: NZD/USD 2012 High Within Earshot

RELATED QUOTES

SymbolPriceChange
NZDUSD=X0.6678+0.0003

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
    1.3891-0.0025-0.18%
    USDSGD=X
    1.5693-0.0003-0.02%
    EURSGD=X
    2.0177-0.0049-0.24%
    GBPSGD=X
    80.9281-0.6105-0.75%
    SGDJPY=X
    5.6072+0.0064+0.11%
    SGDHKD=X
    2.9681+0.0034+0.12%
    SGDMYR=X
    9,664.8105+2.9219+0.03%
    SGDIDR=X
    4.7351+0.0121+0.26%
    SGDCNY=X
    0.9860-0.0015-0.15%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,208.40+13.80+1.16%
    GCJ16.CMX
    15.39+0.10+0.67%
    SIH16.CMX
    55.40+1.06+1.94%
    ^XAU
    2.01-0.02-0.96%
    HGH16.CMX
    27.07-0.38-1.38%
    CLH16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.15-0.01
    ^FVX
    1.70-0.02
    ^TNX
    2.53-0.03
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    3.54-0.12-3.28%
    Z74.SI
    1.625-0.005-0.31%
    MC0.SI
    0.31-0.01-4.62%
    N21.SI
    0.675-0.010-1.46%
    G13.SI
    0.365-0.010-2.67%
    E5H.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    62.06+7.42+13.58%
    NF6.SI
    0.750.000.00%
    BAI.SI
    0.27+0.03+12.50%
    5AU.SI
    0.23+0.02+9.52%
    5TP.SI
    0.445+0.040+9.88%
    T55.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.21-0.05-17.65%
    5RE.SI
    0.199-0.026-11.56%
    S9B.SI
    0.159-0.020-11.17%
    5PL.SI
    0.14-0.02-9.68%
    5IF.SI
    0.385-0.040-9.41%
    P19.SI