Forex Trading: Still Short NZDUSD

RELATED QUOTES

SymbolPriceChange
NZDUSD=X0.8595-0.0029
NZDJPY=X87.8700-0.3032

The stop on NZDUSD shorts from yesterday has been moved to breakeven (8446). Support may come in at 8375 but I prefer to simply move the stop down as long as the position works.

My interest is piqued in the NZDJPY at the moment. The pattern in recent months is strikingly similar to an AUDJPY pattern from 2006 that resulted in a December plunge.

--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com

To contact Jamie e-mail jsaettele@dailyfx.com.

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Jamie is the author of Sentiment in the Forex Market.

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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.2500-0.0009-0.07%
    USDSGD=X
    1.7309+0.0027+0.16%
    EURSGD=X
    2.1006-0.0007-0.03%
    GBPSGD=X
    81.7980+0.0617+0.08%
    SGDJPY=X
    6.2031+0.0042+0.07%
    SGDHKD=X
    2.5902-0.0015-0.06%
    SGDMYR=X
    9,138.5801-4.4375-0.05%
    SGDIDR=X
    4.9763+0.0033+0.07%
    SGDCNY=X
    1.1683-0.0037-0.31%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,302.70-0.80-0.06%
    GCM14.CMX
    19.65+0.01+0.06%
    SIK14.CMX
    90.83-1.04-1.14%
    ^XAU
    3.04+0.01+0.40%
    HGK14.CMX
    103.75-0.01-0.01%
    CLK14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.65+0.04
    ^FVX
    2.64+0.01
    ^TNX
    3.45-0.01
    ^TYX

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    NamePriceChange% Chg
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    B22.SI
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    5GJ.SI
    2.27+0.090+4.13%
    5ME.SI
    2.190.0000.00%
    JS8.SI
    0.61+0.005+0.83%
    E5H.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.162+0.034+26.56%
    5GF.SI
    0.20+0.034+20.48%
    5WD.SI
    0.59+0.050+9.26%
    L5I.SI
    0.28+0.020+7.69%
    C33.SI
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    5UE.SI
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    5RC.SI
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    F9M.SI
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    5PC.SI