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

RELATED QUOTES

SymbolPriceChange
NZDUSD=X0.7266+0.0002

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 MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.108+0.001+0.93%
    AAJ.SI
    0.173+0.001+0.58%
    N21.SI
    0.83-0.02-2.35%
    Y92.SI
    3.84+0.02+0.52%
    Z74.SI
    0.96+0.01+1.59%
    G13.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.30+0.05+17.65%
    BKX.SI
    0.124+0.018+16.98%
    5H0.SI
    0.53+0.04+9.28%
    B58.SI
    0.15+0.01+8.70%
    UV1.SI
    0.65+0.05+8.33%
    BJW.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.245-0.030-10.91%
    BLZ.SI
    0.235-0.025-9.62%
    PA3.SI
    0.46-0.04-8.00%
    BFK.SI
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    I49.SI
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    BTG.SI

Market Data

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    NamePriceChange% Chg
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    USDSGD=X
    1.5249-0.0002-0.01%
    EURSGD=X
    1.7769+0.0021+0.12%
    GBPSGD=X
    80.0980+0.625+0.79%
    SGDJPY=X
    5.4670-0.0074-0.14%
    SGDHKD=X
    3.1264-0.0066-0.21%
    SGDMYR=X
    9,400.6406-31.3408-0.33%
    SGDIDR=X
    4.8327-0.0041-0.08%
    SGDCNY=X
    1.0759+0.0001+0.01%
    AUDSGD=X
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    NamePriceChange% Chg
    1,212.60-3.00-0.25%
    GCG17.CMX
    17.20+0.02+0.11%
    SIH17.CMX
    92.80+1.54+1.69%
    ^XAU
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    CLG17.NYM
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