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

RELATED QUOTES

SymbolPriceChange
NZDUSD=X0.8579+0.0012

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
    1.2573-0.0008-0.06%
    USDSGD=X
    1.7398-0.0004-0.02%
    EURSGD=X
    2.1113-0.0025-0.12%
    GBPSGD=X
    81.3562+0.0642+0.08%
    SGDJPY=X
    6.1673+0.0046+0.07%
    SGDHKD=X
    2.6008+0.0024+0.09%
    SGDMYR=X
    9,202.1875-53.8389-0.58%
    SGDIDR=X
    4.9740+0.0071+0.14%
    SGDCNY=X
    1.1659+0.0007+0.06%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,294.20+3.60+0.28%
    GCM14.CMX
    19.60-0.08-0.42%
    SIK14.CMX
    91.62-1.25-1.35%
    ^XAU
    3.11-0.01-0.22%
    HGK14.CMX
    101.56-0.38-0.37%
    CLM14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.74+0.03
    ^FVX
    2.690.00
    ^TNX
    3.460.00
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    2.22+0.010+0.45%
    JS8.SI
    0.121-0.002-1.63%
    B22.SI
    1.165+0.015+1.30%
    U6C.SI
    1.335-0.020-1.48%
    G13.SI
    1.22+0.005+0.41%
    S53.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.167+0.015+9.87%
    5HH.SI
    0.21+0.020+10.53%
    F86.SI
    0.116+0.010+9.43%
    O2I.SI
    0.72+0.050+7.46%
    5DP.SI
    1.315+0.084+6.82%
    O9A.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.141-0.013-8.44%
    5GD.SI
    0.151-0.009-5.63%
    A03.SI
    0.295-0.015-4.84%
    5IG.SI
    0.30-0.015-4.76%
    K29.SI
    1.05-0.050-4.55%
    T14.SI