NZD is incredibly strong against the USD, even with the our large debt and potential dairy subsidies disaster.
Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.
NZD is incredibly strong against the USD, even with the our large debt and potential dairy subsidies disaster.
yes we seem very strong against the green back weakness we are only 8 cents off 70 cents unbelievable oh and btw the last candle should be green showing perhaps some resistance short term at fib 161.8
roddy
It just doesnt make sense for the NZD to be so strong. Can be detrimental to the NZ economy if it continues to climb.
Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.
there is a possibility around the 50 % fib level which is where wave A = C
got divergence on rsi as well which should mean a top is close but you would have to say no sign of it at the moment.
Of all the financial forecasts - on interest rates or the prices of shares, bonds, currency rates or even classic cars - perhaps the toughest to predict are foreign exchange rates
I am wondering if the NZD is subject to manipulation?
For a large hedge, it wouldnt take much to push the NZD up and down. I recall this is waht Soros did to the SE Asian currency back in pre 1997 crash.
Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.
there is a possibility around the 50 % fib level which is where wave A = C
got divergence on rsi as well which should mean a top is close but you would have to say no sign of it at the moment.
hit and reversed right on the A = C AT 66 still feels its going to have legs to 70 though but short.
Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.
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Originally Posted by Dr_Who
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