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

RELATED QUOTES

SymbolPriceChange
NZDUSD=X0.6982+0.0021

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
    1.3449+0.0001+0.01%
    USDSGD=X
    1.5398+0.0131+0.86%
    EURSGD=X
    1.9652+0.0012+0.06%
    GBPSGD=X
    79.0982-1.2826-1.60%
    SGDJPY=X
    5.7675-0.0009-0.02%
    SGDHKD=X
    2.9101+0.0221+0.76%
    SGDMYR=X
    9,813.1504+1.6426+0.02%
    SGDIDR=X
    4.8140-0.0011-0.02%
    SGDCNY=X
    1.0229-0.0033-0.32%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,294.20+27.80+2.20%
    GCM16.CMX
    17.88+0.29+1.66%
    SIN16.CMX
    92.69+5.80+6.67%
    ^XAU
    2.28+0.05+2.29%
    HGN16.CMX
    46.05+0.02+0.04%
    CLM16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.28-0.02
    ^FVX
    1.82-0.02
    ^TNX
    2.67-0.03
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.745-0.015-1.97%
    Y92.SI
    0.096-0.007-6.80%
    5WH.SI
    0.460.00+1.10%
    N21.SI
    0.815-0.015-1.81%
    G13.SI
    0.131-0.001-0.76%
    40E.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.151+0.025+19.84%
    574.SI
    0.345+0.055+18.97%
    BDF.SI
    0.35+0.06+18.64%
    AWK.SI
    0.245+0.030+13.95%
    K22.SI
    0.125+0.015+13.64%
    AZG.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.48-0.13-21.31%
    BQP.SI
    0.103-0.017-14.17%
    C04.SI
    0.285-0.045-13.64%
    B49.SI
    0.535-0.055-9.32%
    BEI.SI
    0.25-0.02-7.41%
    PA3.SI