FOREX Technical Analysis: NZD/USD 8400 in Focus as Friday’s Rally Extends

RELATED QUOTES

SymbolPriceChange
NZDUSD=X0.7562+0.0036

Daily Candles

FOREX_Technical_Analysis_NZDUSD_8400_in_Focus_as_Fridays_Rally_Extends__body_nzdusd.png, FOREX Technical Analysis: NZD/USD 8400 in Focus as Friday’s Rally Extends

Chart Prepared by Jamie Saettele, CMT

FOREXAnalysis: The NZDUSD false break higher in early December and subsequent impulsive decline has me intrigued in the short side to begin the year. A corrective advance may be underway from 8155, in which case a final foray into 8400 wouldn’t be out of the question.

FOREXTrading Strategy: Bigger picture shorts are favored against 8475 although the extent of the rally is nerve-wracking.

LEVELS: 8285 8316 8341 8396 8460 8476

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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3596+0.0024+0.18%
    USDSGD=X
    1.5277+0.0081+0.54%
    EURSGD=X
    2.0967+0.0054+0.26%
    GBPSGD=X
    87.7621-0.2136-0.24%
    SGDJPY=X
    5.7036-0.0101-0.18%
    SGDHKD=X
    2.6562+0.0023+0.09%
    SGDMYR=X
    9,500.1006+21.0029+0.22%
    SGDIDR=X
    4.6109+0.0007+0.01%
    SGDCNY=X
    1.0644+0.006+0.56%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,206.50-4.50-0.37%
    GCM15.CMX
    16.48-0.14-0.87%
    SIK15.CMX
    75.84+0.44+0.59%
    ^XAU
    2.66-0.03-1.13%
    HGK15.CMX
    49.14+0.97+2.01%
    CLJ15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.53+0.06
    ^FVX
    2.02+0.05
    ^TNX
    2.61+0.04
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.975-0.085-8.02%
    N21.SI
    0.405-0.005-1.22%
    E5H.SI
    0.280.000.00%
    5WA.SI
    0.70-0.01-1.41%
    Y92.SI
    0.985+0.005+0.51%
    G13.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.17+0.03+21.43%
    40B.SI
    0.24+0.02+11.63%
    B1N.SI
    0.625+0.060+10.62%
    L5I.SI
    0.80+0.07+9.59%
    533.SI
    0.24+0.02+9.09%
    D79.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.42-0.04-8.70%
    CH8.SI
    0.105-0.010-8.70%
    J8O.SI
    0.14-0.01-8.50%
    5TJ.SI
    0.975-0.085-8.02%
    N21.SI
    0.29-0.03-7.94%
    AFC.SI