Originally Posted by
Silverlight
I am still fundametally bullish on the NZD/ USD longer term as per my post on the 15/01. I think we will revisit 80 by year end.
However I went short at 74, and closed the last of my position today, after that announcement, it moved 100 pips on the increase in unemployment, so nice gain to add to the pips I had already take off the table at 73 & 71.
Technically it could go lower, if may even go as far as 65 if the markets get really volatile, but most people who trade on fundamentals on a yearly basis go broke, as markets can remain irrational to fundamentals longer than most can remain solvent.