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

RELATED QUOTES

SymbolPriceChange
NZDUSD=X0.6903+0.0023

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
    1.35780.000.00%
    USDSGD=X
    1.5493-0.0104-0.66%
    EURSGD=X
    1.9684-0.0003-0.01%
    GBPSGD=X
    79.0255+0.225+0.29%
    SGDJPY=X
    5.7168-0.00020.00%
    SGDHKD=X
    2.9455-0.0191-0.64%
    SGDMYR=X
    9,817.4238-34.9453-0.35%
    SGDIDR=X
    4.7926+0.0088+0.18%
    SGDCNY=X
    1.0163+0.0036+0.35%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,283.30+8.90+0.70%
    GCM16.CMX
    17.60+0.30+1.73%
    SIN16.CMX
    86.26+3.00+3.60%
    ^XAU
    2.16-0.02-1.01%
    HGN16.CMX
    45.38+1.60+3.65%
    CLM16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.25+0.01
    ^FVX
    1.79+0.01
    ^TNX
    2.650.00
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.4250.0000.00%
    N21.SI
    0.380.00-1.30%
    E5H.SI
    0.49+0.04+8.89%
    42R.SI
    0.785+0.015+1.95%
    G13.SI
    3.78+0.02+0.53%
    Z74.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.255+0.045+21.43%
    Y35.SI
    0.315+0.030+10.53%
    B49.SI
    0.49+0.04+8.89%
    42R.SI
    0.425+0.030+7.59%
    42W.SI
    0.205+0.014+7.33%
    AZT.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.435-0.095-17.92%
    BLA.SI
    0.455-0.045-9.00%
    BMA.SI
    0.165-0.015-8.33%
    O08.SI
    0.172-0.013-7.03%
    AWQ.SI
    0.20-0.02-6.98%
    AWI.SI