AUDNZD - Five Year Lows

Since starting this thread last December I still haven't converted, but at least the rate is going in the right direction.

Any thoughts on where it could go from here with the ASX looking set for a correction? Thinking I might bring 10% to 20% back around now as a sort of risk mitigation, but may very well end up living in Oz at some stage 2-3 years or more down the track. Thinking out loud I guess if it's gonna be that far down the track I'm better off bring it back and paying off a chunk of the mortgage.

As the saying goes, don't fight the Fed. RBNZ being the equivalent, with even the PM chiming in, should be a good indication of what this FX rate will do. Add the fact that interest rares may not go up at all in 2015 in Kiwiland, along with a huge knock to dairy prices and a rebuild going slow at best and we have a perfect storm for a big fall. On the other side, China will likely have a "soft landing" (as we all know how they live contril over there...) and I don't believe the commodities market can implode much more than it already has. From what I hear, the Oz economy definitely is not all doom and gloom today. Seems to be pricing it in these days though.

I'd say reassess in 3-6 months.

"You can tune a piano, but you can't tuna fish" ;)

Downtrend line still in place after bounce lower off 91 early in the week. Expecting next leg down to .8750 - .8700 area along trend channel line over next few weeks. :)

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Originally Posted by BFG

Downtrend line still in place after bounce lower off 91 early in the week. Expecting next leg down to .8750 - .8700 area along trend channel line over next few weeks. :)

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BFG, could you post your chart up? Many thanks, C.

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Originally Posted by Corporate

BFG, could you post your chart up? Many thanks, C.

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Currently away from home so may take a few days. I have a few I can chuck up.

What is the general feeling - are we forming a base around 0.89 or is the downtrend likely to continue...

Attachment 6420

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Originally Posted by Corporate

What is the general feeling - are we forming a base around 0.89 or is the downtrend likely to continue...

Attachment 6420

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We've got a nice little descending triangle forming. Bearish signal, and time of reckoning is coming soon it looks like!

Fingers crossed for a break southward towards the mid 80's .....

Milk prices Vs Iron ore ?

Aussie inking a massive free trade deal with China as we speak. News out tomorrow. I'm banking on the final end of 90s accordingly ;)

Seems to be going the other way with the AUD getting weaker?