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

RELATED QUOTES

SymbolPriceChange
NZDUSD=X0.6545-0.0019

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
    1.3809+0.0033+0.24%
    USDSGD=X
    1.5035-0.0057-0.38%
    EURSGD=X
    2.1496+0.0022+0.10%
    GBPSGD=X
    90.0648+0.0597+0.07%
    SGDJPY=X
    5.6148-0.0129-0.23%
    SGDHKD=X
    2.8019+0.0025+0.09%
    SGDMYR=X
    9,784.9355+4.1221+0.04%
    SGDIDR=X
    4.4965-0.0111-0.25%
    SGDCNY=X
    1.0192+0.0166+1.66%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,087.20-2.00-0.18%
    GCU15.CMX
    14.60+0.03+0.23%
    SIZ15.CMX
    45.67+0.14+0.30%
    ^XAU
    2.35+0.01+0.28%
    HGU15.CMX
    46.37+0.81+1.78%
    CLV15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.59+0.08
    ^FVX
    2.21+0.06
    ^TNX
    2.89+0.03
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.60+0.13+27.66%
    N21.SI
    2.35+0.15+6.82%
    MC0.SI
    0.32+0.01+3.23%
    E5H.SI
    0.129+0.006+4.88%
    5DN.SI
    0.310.000.00%
    5WA.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.60+0.13+27.66%
    N21.SI
    0.445+0.065+17.11%
    AZT.SI
    0.31+0.05+16.98%
    578.SI
    0.15+0.02+16.28%
    EB7.SI
    0.119+0.014+13.33%
    5FR.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.23-0.04-14.81%
    5WR.SI
    0.425-0.060-12.37%
    MN5.SI
    0.20-0.02-9.09%
    L02.SI
    0.164-0.016-8.89%
    5KU.SI
    0.42-0.04-8.70%
    AZZ.SI