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

RELATED QUOTES

SymbolPriceChange
NZDUSD=X0.6589-0.0005

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
    1.3731+0.0023+0.16%
    USDSGD=X
    1.5070+0.0017+0.12%
    EURSGD=X
    2.1452+0.0028+0.13%
    GBPSGD=X
    90.3016-0.0726-0.08%
    SGDJPY=X
    5.6455-0.0095-0.17%
    SGDHKD=X
    2.7857-0.003-0.11%
    SGDMYR=X
    9,833.8398-21.7334-0.22%
    SGDIDR=X
    4.5260-0.0038-0.08%
    SGDCNY=X
    1.0034+0.0011+0.11%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,094.90+6.90+0.63%
    GCQ15.CMX
    14.79+0.03+0.18%
    SIZ15.CMX
    47.57+0.92+1.98%
    ^XAU
    2.36-0.02-1.03%
    HGU15.CMX
    48.92-1.60-3.19%
    CLZ15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.55-0.07
    ^FVX
    2.20-0.06
    ^TNX
    2.93-0.03
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.475+0.020+4.40%
    N21.SI
    2.20-0.10-4.35%
    MC0.SI
    0.3150.0000.00%
    E5H.SI
    0.129-0.005-3.73%
    5DN.SI
    0.880.000.00%
    G13.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.465+0.075+19.23%
    AZZ.SI
    0.27+0.04+17.39%
    5WR.SI
    0.179+0.019+11.88%
    5PD.SI
    0.55+0.06+11.11%
    AWZ.SI
    0.22+0.02+10.00%
    5CF.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.205-0.045-18.00%
    5NF.SI
    0.16-0.02-12.09%
    H73.SI
    0.181-0.019-9.50%
    D38.SI
    0.103-0.009-8.04%
    41T.SI
    0.098-0.008-7.55%
    MC7.SI