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

RELATED QUOTES

SymbolPriceChange
NZDUSD=X0.7073+0.0001

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
    1.3528-0.0006-0.04%
    USDSGD=X
    1.4964+0.0009+0.06%
    EURSGD=X
    1.7886+0.0019+0.11%
    GBPSGD=X
    77.7450-0.038-0.05%
    SGDJPY=X
    5.7320+0.0026+0.05%
    SGDHKD=X
    3.0116-0.0012-0.04%
    SGDMYR=X
    9,711.5322-3.6875-0.04%
    SGDIDR=X
    4.9281+0.0008+0.02%
    SGDCNY=X
    1.0137+0.0004+0.04%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,338.20+11.50+0.87%
    GCQ16.CMX
    20.38+0.38+1.93%
    SIU16.CMX
    107.59+4.59+4.46%
    ^XAU
    2.19+0.01+0.34%
    HGU16.CMX
    42.01+0.09+0.21%
    CLU16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.10-0.04
    ^FVX
    1.51-0.05
    ^TNX
    2.23-0.05
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.485-0.010-2.02%
    5TP.SI
    0.169+0.004+2.42%
    N21.SI
    0.375+0.010+2.74%
    E5H.SI
    0.131-0.003-2.24%
    43E.SI
    0.163+0.008+5.16%
    O9E.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.21+0.05+28.83%
    AZG.SI
    0.25+0.05+25.00%
    BLZ.SI
    0.157+0.026+19.85%
    UV1.SI
    0.191+0.026+15.76%
    AZT.SI
    0.35+0.03+11.11%
    AWC.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.415-0.075-15.31%
    BLL.SI
    0.205-0.035-14.58%
    D6U.SI
    0.136-0.020-12.82%
    Y06.SI
    0.35-0.05-12.50%
    BDF.SI
    0.245-0.030-10.91%
    PA3.SI