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

RELATED QUOTES

SymbolPriceChange
NZDUSD=X0.7547+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
    1.3569-0.0004-0.03%
    USDSGD=X
    1.5218+0.0022+0.15%
    EURSGD=X
    2.0959+0.0046+0.22%
    GBPSGD=X
    87.8395-0.1362-0.15%
    SGDJPY=X
    5.7159+0.0021+0.04%
    SGDHKD=X
    2.6564+0.0025+0.09%
    SGDMYR=X
    9,489.2607+10.1631+0.11%
    SGDIDR=X
    4.6198+0.0096+0.21%
    SGDCNY=X
    1.0587+0.0002+0.02%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,210.60+0.50+0.04%
    GCJ15.CMX
    16.60-0.02-0.11%
    SIK15.CMX
    75.84+0.44+0.59%
    ^XAU
    2.69-0.01-0.30%
    HGK15.CMX
    48.89+0.72+1.49%
    CLJ15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.53+0.06
    ^FVX
    2.02+0.05
    ^TNX
    2.61+0.04
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    1.00-0.06-5.66%
    N21.SI
    0.405-0.005-1.22%
    E5H.SI
    0.715+0.005+0.70%
    Y92.SI
    0.280.000.00%
    5WA.SI
    0.985+0.005+0.51%
    G13.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.165+0.025+17.86%
    40B.SI
    0.163+0.021+14.79%
    S71.SI
    0.153+0.011+7.75%
    M11.SI
    0.32+0.03+8.47%
    40U.SI
    0.385+0.025+6.94%
    MV4.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.20-0.02-6.98%
    T06.SI
    0.135-0.010-6.90%
    5GD.SI
    0.143-0.010-6.54%
    5TJ.SI
    0.131-0.008-5.76%
    B32.SI
    1.00-0.06-5.66%
    N21.SI