FOREX Technical Analysis: NZD/USD 8355 Breakout Level is Now Support

RELATED QUOTES

SymbolPriceChange
NZDUSD=X0.7141-0.0032

Daily Bars

FOREX_Technical_Analysis_NZDUSD_8355_Breakout_Level_is_Now_Support_body_nzdusd.png, FOREX Technical Analysis: NZD/USD 8355 Breakout Level is Now Support

Chart Prepared by Jamie Saettele, CMT

FOREXAnalysis: The NZDUSD reversed 18 pips shy of its 2012 high, made on 2/29, at 8471. “Focus throughout December remains higher towards the extremely well-defined technical confluence that surrounds 8550. 8308/55 is support to keep in mind for buying a dip.”

FOREXTrading Strategy: Price is probably close to at least a drop into former resistance at 8355. I’ll be looking for the drop to unfold in a corrective manner.

LEVELS: 8309 8348 8400 8472 8572 8600

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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3469-0.0012-0.09%
    USDSGD=X
    1.4765-0.0008-0.05%
    EURSGD=X
    2.0659+0.0012+0.06%
    GBPSGD=X
    91.8332-0.0919-0.10%
    SGDJPY=X
    5.7565+0.0047+0.08%
    SGDHKD=X
    2.7078+0.00010.00%
    SGDMYR=X
    9,809.1484+16.8555+0.17%
    SGDIDR=X
    4.6038+0.0035+0.08%
    SGDCNY=X
    1.0329+0.0012+0.11%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,190.40+1.60+0.13%
    GCQ15.CMX
    16.74+0.07+0.43%
    SIN15.CMX
    69.83+1.07+1.56%
    ^XAU
    2.78+0.01+0.36%
    HGN15.CMX
    58.38+0.70+1.21%
    CLN15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.51-0.02
    ^FVX
    2.13-0.01
    ^TNX
    2.88+0.01
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.785-0.025-3.09%
    N21.SI
    4.15+0.03+0.73%
    Z74.SI
    0.3350.0000.00%
    AFC.SI
    0.290.000.00%
    5WA.SI
    0.915-0.010-1.08%
    G13.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.135+0.015+12.50%
    T16.SI
    0.45+0.05+12.50%
    AWX.SI
    0.50+0.04+9.89%
    MN5.SI
    0.119+0.009+8.18%
    540.SI
    0.15+0.01+7.14%
    5MD.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    1.24-0.56-31.11%
    AYC.SI
    0.138-0.042-23.33%
    40R.SI
    0.114-0.019-14.29%
    5UA.SI
    0.34-0.06-13.92%
    AWI.SI
    0.151-0.014-8.48%
    T08.SI