FOREX Technical Analysis: NZD/USD Inside Day Forms after 2012 High is Recorded

RELATED QUOTES

SymbolPriceChange
NZDUSD=X0.6688+0.0083

Daily Bars

eliottWaves_nzd-usd_body_nzdusd.png, FOREX Technical Analysis: NZD/USD Inside Day Forms after 2012 High is Recorded

Chart Prepared by Jamie Saettele, CMT

FOREXAnalysis: Monday’s inside day wasn’t the follow through that bulls were looking for after a 2012 high was registered Friday. Long time readers will know that I find inside days at key levels useful in trade construction. At the current juncture, weakness probably proves corrective (4th wave within rally from 11/16 low). Support is 8355/75.

FOREXTrading Strategy: “Price is probably close to at least a drop into former resistance at 8355. I’ll be looking for the drop to unfold in a corrective manner.”

LEVELS: 8309 8355 8390 8476 8572 8600

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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3641-0.005-0.36%
    USDSGD=X
    1.5078-0.011-0.72%
    EURSGD=X
    2.1283-0.002-0.09%
    GBPSGD=X
    90.6011+0.5711+0.63%
    SGDJPY=X
    5.6823+0.0208+0.37%
    SGDHKD=X
    2.7881-0.0019-0.07%
    SGDMYR=X
    9,858.9248+13.7666+0.14%
    SGDIDR=X
    4.5522+0.0152+0.33%
    SGDCNY=X
    0.9999+0.0049+0.49%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,094.50-2.10-0.19%
    GCV15.CMX
    14.69+0.04+0.27%
    SIZ15.CMX
    47.62+0.96+2.05%
    ^XAU
    2.43+0.05+2.25%
    HGG16.CMX
    47.72+0.33+0.70%
    CLU15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.59+0.01
    ^FVX
    2.25+0.02
    ^TNX
    2.96+0.02
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.595-0.025-4.03%
    N21.SI
    0.34-0.02-5.56%
    E5H.SI
    0.315+0.005+1.61%
    5WA.SI
    0.33-0.01-2.94%
    Y35.SI
    1.27-0.05-3.42%
    BS6.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.19+0.02+11.11%
    F9M.SI
    0.375+0.035+10.29%
    K1Q.SI
    0.26+0.02+8.33%
    C50.SI
    0.215+0.015+7.50%
    5OY.SI
    0.215+0.015+7.50%
    B69.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.455-0.095-17.27%
    5I3.SI
    0.255-0.045-15.00%
    Y06.SI
    0.27-0.03-11.48%
    CZ4.SI
    0.28-0.03-9.68%
    UQ4.SI
    0.26-0.03-8.77%
    PA3.SI