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

RELATED QUOTES

SymbolPriceChange
NZDUSD=X0.7537-0.003

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
    1.3746+0.0045+0.33%
    USDSGD=X
    1.4931+0.0014+0.09%
    EURSGD=X
    2.0416+0.0016+0.08%
    GBPSGD=X
    86.7392-0.2435-0.28%
    SGDJPY=X
    5.6407-0.0184-0.33%
    SGDHKD=X
    2.6883+0.0028+0.10%
    SGDMYR=X
    9,521.0908-20.5576-0.22%
    SGDIDR=X
    4.5317-0.0007-0.02%
    SGDCNY=X
    1.0628+0.0032+0.31%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,193.60-6.20-0.52%
    GCJ15.CMX
    16.89-0.18-1.05%
    SIK15.CMX
    67.73-0.66-0.97%
    ^XAU
    2.770.00-0.04%
    HGK15.CMX
    48.87-3.00-5.83%
    CLK15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.42-0.06
    ^FVX
    1.95-0.06
    ^TNX
    2.53-0.07
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.132+0.001+0.76%
    E13.SI
    0.2850.0000.00%
    5WA.SI
    0.940.00-0.53%
    N21.SI
    0.169+0.002+1.20%
    5GB.SI
    0.250.00+2.04%
    U09.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.11+0.01+8.91%
    5MM.SI
    0.29+0.02+7.41%
    F03.SI
    0.22+0.02+7.32%
    D6U.SI
    0.169+0.011+6.96%
    M11.SI
    1.94+0.10+5.15%
    W05.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.097-0.013-11.82%
    5TN.SI
    0.101-0.026-20.47%
    5NV.SI
    0.265-0.020-7.02%
    F86.SI
    0.65-0.05-6.47%
    L17.SI
    0.76-0.05-6.17%
    5ML.SI