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

RELATED QUOTES

SymbolPriceChange
NZDUSD=X0.7664+0.0003

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
    1.3513+0.0028+0.20%
    USDSGD=X
    1.4508+0.0025+0.17%
    EURSGD=X
    2.0175+0.0076+0.38%
    GBPSGD=X
    88.5961+0.1719+0.19%
    SGDJPY=X
    5.7362-0.011-0.19%
    SGDHKD=X
    2.6853-0.0053-0.20%
    SGDMYR=X
    9,580.0254-58.1016-0.60%
    SGDIDR=X
    4.5862-0.0112-0.24%
    SGDCNY=X
    1.0415-0.0004-0.04%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,202.00+8.30+0.70%
    GCM15.CMX
    15.94+0.06+0.35%
    SIK15.CMX
    71.26+0.06+0.08%
    ^XAU
    2.70-0.04-1.35%
    HGK15.CMX
    56.49-1.39-2.40%
    CLM15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.34+0.01
    ^FVX
    1.91+0.02
    ^TNX
    2.58+0.01
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.23+0.01+4.55%
    5GB.SI
    0.2950.0000.00%
    5WA.SI
    0.87-0.01-1.69%
    N21.SI
    4.35-0.06-1.36%
    Z74.SI
    1.045+0.020+1.95%
    G13.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.275+0.035+14.58%
    5TS.SI
    0.295+0.030+11.32%
    G10.SI
    0.36+0.04+10.77%
    K29.SI
    0.535+0.050+10.31%
    P9D.SI
    0.114+0.008+7.55%
    J8O.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.20-0.05-20.00%
    5WD.SI
    0.11-0.02-15.38%
    5GF.SI
    0.225-0.030-11.76%
    41H.SI
    0.181-0.017-8.59%
    40N.SI
    0.72-0.06-7.69%
    AUE.SI