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

RELATED QUOTES

SymbolPriceChange
NZDUSD=X0.6843-0.0041

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
    1.3589+0.00010.00%
    USDSGD=X
    1.5514+0.0019+0.12%
    EURSGD=X
    1.9692+0.0014+0.07%
    GBPSGD=X
    78.6735-0.2786-0.35%
    SGDJPY=X
    5.7115-0.0007-0.01%
    SGDHKD=X
    2.9476-0.0061-0.21%
    SGDMYR=X
    9,831.8438+5.1514+0.05%
    SGDIDR=X
    4.7838-0.0037-0.08%
    SGDCNY=X
    1.0017-0.0127-1.25%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,282.80+10.50+0.83%
    GCM16.CMX
    17.39+0.06+0.36%
    SIN16.CMX
    85.15+1.88+2.26%
    ^XAU
    2.150.00-0.14%
    HGN16.CMX
    44.07-0.25-0.56%
    CLM16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.21-0.03
    ^FVX
    1.75-0.04
    ^TNX
    2.61-0.04
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.405-0.020-4.71%
    N21.SI
    0.215+0.015+7.50%
    AFC.SI
    3.76-0.02-0.53%
    Z74.SI
    0.37-0.01-2.63%
    E5H.SI
    1.81-0.06-3.21%
    MC0.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.25+0.04+19.05%
    508.SI
    0.48+0.07+18.52%
    5DP.SI
    0.51+0.05+12.09%
    BMA.SI
    0.215+0.015+7.50%
    AFC.SI
    0.12+0.01+8.11%
    AVX.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.30-0.01-3.23%
    RF7.SI
    0.18-0.03-16.28%
    B26.SI
    0.24-0.04-14.29%
    BHO.SI
    0.245-0.035-12.50%
    5CF.SI
    0.225-0.025-10.00%
    A04.SI