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

RELATED QUOTES

SymbolPriceChange
NZDUSD=X0.6991-0.0004

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
    1.3620+0.0044+0.33%
    USDSGD=X
    1.4972+0.0082+0.55%
    EURSGD=X
    1.7887+0.0124+0.70%
    GBPSGD=X
    77.6440-0.283-0.36%
    SGDJPY=X
    5.6927-0.015-0.26%
    SGDHKD=X
    2.9991+0.0094+0.31%
    SGDMYR=X
    9,646.3584-37.8252-0.39%
    SGDIDR=X
    4.9027-0.0196-0.40%
    SGDCNY=X
    1.0173+0.005+0.49%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,314.40-9.00-0.68%
    GCQ16.CMX
    19.58-0.11-0.58%
    SIU16.CMX
    99.89-3.85-3.71%
    ^XAU
    2.23-0.01-0.36%
    HGU16.CMX
    43.07-1.12-2.53%
    CLU16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.14+0.02
    ^FVX
    1.570.00
    ^TNX
    2.290.00
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.34-0.03-8.11%
    5ME.SI
    0.168-0.003-1.75%
    N21.SI
    0.137-0.004-2.84%
    43E.SI
    3.18+0.05+1.60%
    C31.SI
    4.28-0.02-0.47%
    Z74.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.25+0.09+56.25%
    BFT.SI
    0.245+0.045+22.50%
    BTF.SI
    0.40+0.05+14.29%
    BDF.SI
    0.165+0.015+10.00%
    5G1.SI
    0.25+0.02+8.70%
    BLW.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.40-0.05-11.11%
    567.SI
    0.118-0.013-9.92%
    BGK.SI
    0.235-0.025-9.62%
    M1Z.SI
    0.22-0.02-8.33%
    BHO.SI
    0.34-0.03-8.11%
    5ME.SI