bought more AUD/NZD at 1.0481 ....... target is 1.1 so thats 90 for you people who quote the other way round. AUDNZD190120173hr.JPG
I still reckon the pattern of short term spikes and tumbles to remain in place. surprisingly (for some) is that the NZD hasn't fallen v AUD in response to Australian export prices improving relative to NZ prices in recent months.
I still reckon NZ fundamentals will perform stronger than Australian fundamentals this year and so see NZD/AUD remaining pretty high this year (maybe longer) .......and one of those spikes could even take it to parity (thats 1.0 who quote te other way round)
Depending on your timeframe peat you might get lucky on one of those short term tumbles
Last edited by winner69; 21-01-2017 at 09:01 AM.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
your post sounds pretty sarcastic winner , what with the conversion of parity and the 'you might get lucky' ....
but thank you for the correction.
my time frame is quite large as the bullish gartley is more visible on a weekly time frame,
this pic is from mid August last year Attachment 8623
this is current Attachment 8624
so its done a double take on the D leg but following that has behaved appropriately. I;m not predicting the relative economic strength of the economy's (this is TA) it just looks like a perfect reversal pattern after those huge moves down from 2011 shown here and then a final capitulation leg. AUDNZDMonthly.JPG
not sure about my standing, but I persevere. and try to be helpful both here and for work.
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Originally Posted by Glendoonie
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