FOREX Technical Analysis: NZD/USD Trades Through Early Month High

RELATED QUOTES

SymbolPriceChange
NZDUSD=X0.8561-0.0006

Daily Bars

FOREX_Technical_Analysis_NZDUSD_Trades_Through_Early_Month_High_body_nzdusd.png, FOREX Technical Analysis: NZD/USD Trades Through Early Month High

Chart Prepared by Jamie Saettele, CMT

FOREXAnalysis: Bigger picture, the NZDUSD false break higher in early December and subsequent impulsive decline has me intrigued in the short side to begin the year. I wrote yesterday that “a corrective advance may be underway from 8155, in which case a final foray into 8400 wouldn’t be out of the question.” Price has entered the 8400 region so we should have a better idea by the end of the week whether or not the December high was important or not.

FOREXTrading Strategy: Bigger picture shorts are favored against 8475.

LEVELS: 8285 8316 8350 8409 8460 8476

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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.2580-0.0001-0.01%
    USDSGD=X
    1.7400-0.0002-0.01%
    EURSGD=X
    2.1137-0.0001-0.01%
    GBPSGD=X
    81.2913-0.00070.00%
    SGDJPY=X
    6.1630+0.0004+0.01%
    SGDHKD=X
    2.5985+0.0002+0.01%
    SGDMYR=X
    9,256.5762+0.5498+0.01%
    SGDIDR=X
    4.9672+0.0003+0.01%
    SGDCNY=X
    1.1654+0.0001+0.01%
    AUDSGD=X
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    Commodities
    NamePriceChange% Chg
    1,293.40+2.80+0.22%
    GCM14.CMX
    19.690.00+0.01%
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    ^XAU
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    HGK14.CMX
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    CLM14.NYM
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    TreasuryYield (%)Yield Change
    1.74+0.03
    ^FVX
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    ^TNX
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  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.123+0.001+0.82%
    B22.SI
    0.15+0.008+5.63%
    545.SI
    0.635+0.040+6.72%
    5WH.SI
    0.615+0.005+0.82%
    E5H.SI
    1.355+0.005+0.37%
    G13.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    20.00+4.200+26.58%
    K6S.SI
    1.215+0.190+18.54%
    S53.SI
    0.415+0.045+12.16%
    570.SI
    1.345+0.130+10.70%
    5DA.SI
    0.154+0.014+10.00%
    5GD.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.053-0.059-52.68%
    5TF.SI
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    N02.SI
    0.20-0.020-9.09%
    E94.SI
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    567.SI
    0.30-0.020-6.25%
    508.SI