Originally Posted by
turmeric
Seems to me our dollar vs the US is torn between the effects of US tapering, appetite for risk, our relatively strong NZ economy, and the fact that our interest rates are rising faster/sooner than the rest of the worlds'.
TA people must be having a field day with the charts, but from a non TA perspective I find it interesting that the highs of earlier in the year have been tested to a certain extent in recent times but as of yet not passed.
I shy away from making e-rate predictions as I think it is bloody difficult but if I had to guess I think it may test new highs possible even 0.9+ but over the medium/long term it will fall.
In saying that I have been converting NZD to USD and am in the process of doing that again tonight or tomorrow after today's RBNZ induced spike. The worry I have and the thing that without down would send the NZD down is a equity market correction and that could happen any time.
Just my thoughts, DYOR :)