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

RELATED QUOTES

SymbolPriceChange
NZDUSD=X0.8626+0.0002

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
    1.2492-0.0017-0.13%
    USDSGD=X
    1.7317+0.0035+0.20%
    EURSGD=X
    2.1028+0.0015+0.07%
    GBPSGD=X
    81.6976-0.0387-0.05%
    SGDJPY=X
    6.2075+0.0087+0.14%
    SGDHKD=X
    2.5921+0.0004+0.01%
    SGDMYR=X
    9,150.0039+6.9863+0.08%
    SGDIDR=X
    4.9807+0.0077+0.16%
    SGDCNY=X
    1.1694-0.0026-0.22%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,299.60-3.90-0.30%
    GCM14.CMX
    19.59-0.04-0.20%
    SIK14.CMX
    90.83-1.04-1.14%
    ^XAU
    3.04+0.02+0.51%
    HGK14.CMX
    103.78+0.02+0.02%
    CLK14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.65+0.04
    ^FVX
    2.64+0.01
    ^TNX
    3.45-0.01
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.115-0.002-1.71%
    B22.SI
    0.48+0.020+4.35%
    5GJ.SI
    2.27+0.090+4.13%
    5ME.SI
    2.190.0000.00%
    JS8.SI
    0.61+0.005+0.83%
    E5H.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.162+0.034+26.56%
    5GF.SI
    0.20+0.034+20.48%
    5WD.SI
    0.59+0.050+9.26%
    L5I.SI
    0.28+0.020+7.69%
    C33.SI
    0.215+0.015+7.50%
    5UE.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.103-0.010-8.85%
    5OS.SI
    0.112-0.008-6.67%
    5RC.SI
    0.355-0.025-6.58%
    KJ9.SI
    0.215-0.015-6.52%
    F9M.SI
    0.29-0.020-6.45%
    5PC.SI