FOREX Technical Analysis: NZD/USD 2012 High Within Earshot

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SymbolPriceChange
NZDUSD=X0.7236+0.0001

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 MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.126-0.003-2.33%
    N21.SI
    0.300.000.00%
    5OT.SI
    0.735-0.020-2.65%
    G13.SI
    1.825-0.030-1.62%
    MC0.SI
    4.15-0.07-1.66%
    Z74.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.30+0.06+25.00%
    BAZ.SI
    0.145+0.018+14.17%
    D79.SI
    0.45+0.05+12.50%
    BFK.SI
    0.22+0.02+7.32%
    S46.SI
    0.445+0.030+7.23%
    588.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.10-0.08-43.82%
    O08.SI
    0.75-0.12-14.29%
    564.SI
    0.25-0.03-10.71%
    BDU.SI
    0.148-0.015-9.20%
    5AM.SI
    0.715-0.055-7.14%
    BKV.SI

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3595+0.0013+0.10%
    USDSGD=X
    1.5231+0.0035+0.23%
    EURSGD=X
    1.7849+0.004+0.22%
    GBPSGD=X
    75.0550+0.373+0.50%
    SGDJPY=X
    5.7022-0.0025-0.04%
    SGDHKD=X
    2.9692+0.0029+0.10%
    SGDMYR=X
    9,751.0869+2.8984+0.03%
    SGDIDR=X
    4.9067+0.0005+0.01%
    SGDCNY=X
    1.0265+0.0002+0.02%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,320.20-4.40-0.33%
    GCZ16.CMX
    18.44-0.05-0.27%
    SIU16.CMX
    95.80-0.72-0.74%
    ^XAU
    2.08+0.01+0.34%
    HGU16.CMX
    47.10-0.23-0.49%
    CLV16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.24+0.08
    ^FVX
    1.63+0.06
    ^TNX
    2.30+0.03
    ^TYX