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

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SymbolPriceChange
NZDUSD=X0.7195-0.0004

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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 MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.23+0.01+2.22%
    N21.SI
    0.33+0.05+17.86%
    F83.SI
    0.385-0.015-3.75%
    E5H.SI
    0.138+0.003+2.22%
    41F.SI
    0.38-0.01-2.56%
    5ME.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.33+0.05+17.86%
    F83.SI
    0.38+0.06+16.92%
    PA3.SI
    0.51+0.05+10.87%
    T12.SI
    0.695+0.065+10.32%
    BEI.SI
    0.275+0.015+5.77%
    DM0.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.46-0.04-8.00%
    BLR.SI
    0.12-0.01-7.69%
    5PI.SI
    0.555-0.045-7.50%
    AWC.SI
    1.44-0.11-7.40%
    Q01.SI
    0.21-0.01-4.55%
    1A0.SI

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.4037-0.0003-0.02%
    USDSGD=X
    1.4839+0.0044+0.30%
    EURSGD=X
    1.7439-0.0022-0.13%
    GBPSGD=X
    79.7940+0.212+0.27%
    SGDJPY=X
    5.5278+0.0064+0.12%
    SGDHKD=X
    3.1641+0.0048+0.15%
    SGDMYR=X
    9,502.5430-18.4033-0.19%
    SGDIDR=X
    4.8983+0.0128+0.26%
    SGDCNY=X
    1.0792+0.0024+0.22%
    AUDSGD=X
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    NamePriceChange% Chg
    1,258.70+7.30+0.58%
    GCJ17.CMX
    18.37+0.25+1.40%
    SIH17.CMX
    88.62-0.99-1.10%
    ^XAU
    2.70+0.04+1.41%
    HGK17.CMX
    54.00-0.45-0.83%
    CLJ17.NYM
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