https://nz.finance.yahoo.com/news/bl...024758352.html
Blame the cows: Kiwi dollar may stumble
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https://nz.finance.yahoo.com/news/bl...024758352.html
Blame the cows: Kiwi dollar may stumble
http://www.fxempire.com/fundamental/...2015-forecast/
NZD/USD Fundamental Analysis January 5, 2015 Forecast
http://www.stuff.co.nz/business/industries...eds-kiwi-dollar
Canadian cut bleeds kiwi dollar
Interesting interview for anyone following the USD
http://www.cnbc.com/id/102376873
http://www.nzherald.co.nz/business/n...ectid=11395988
NZ dollar plunges after Aussie rate cut
NZD has blown past 75c!
Can USD go higher and higher in the coming years?
http://www.bloomberg.com/news/articl...ar-even-higher
The $9 Trillion Short That’s Seen Sending the Dollar Even Higher
I have just now bought in at .6711. The AUD is also dragging our dollar down. We usually get a pivot around 11:50 - noon...but today's looks like it's come earlier. Check out the NZD/USD downward trendline. It's just touched.
This NZD/USD rate is the lowest it's been since 31 May 2010 - when it touched 67c before rising sharply. Yes, we rely a lot on dairy, and since the EU took off it's production quotas three months ago, global prices have been sliding, but our economy is not in the doldrums and IMO in better shape than it was back in 2010.
The GBP/NZD this week rose to 2.329 which is the highest it's been since Sept 2009...and it's about to test (bounce-off?) a price close to that again this morning. Support the kiwi...and reap the rewards.
Discl: now long.
Have you looked at the NZD/USD's downward trend-line for this week? The bottoms on 29/6, 30/6 and today line up...which often (not always but often) produce a third bounce...in fact the third (like today's) is usually more pronounced.
Of course there is another downward trendline to be a bit cautious about (which is why I often use stops). Last month's bottoms on 6/6, 18/6 and 24/6 indicate we might get a fourth at around .6705 today...but that's so close to my buy price I won't bother placing a stop.
...now .6712 and looks to be holding, even with the AUD trading weak. If the AUD/NZD cross fails again to reach 1.14 (as it did yesterday), we might find that yesterday's 1.1385 head and shoulder pattern is confirmed.
Should be an interesting day's trading - pivotal IMO.
Hi Bobcat look forward to reading further analysis. I have some AUD from my time living there I am waiting to convert and some USD as well, so am pleased with the NZD dropping. From what I can tell the NZD is falling through AUD and USD support levels quite easily?
I should never have given up my day job. Back to the drawing board....
...edit: Oh, wait a minute - could this be a rebound? If it breaks thru resistance at .6706 then I'll get bullish agin.
A shocking Trade Balance across the ditch (t.b.a. 1:30pm) could stifle any rebound here of course. We'll see in around 40mins. I've just gone short on the AUD/NZD at 1.1410 to hedge against the impact of a disappointing result.
Get in boys - the Kiwi will not be this cheap again for a long time. Time to go long (IMO) against either the USD, CHF, GBP or JPY. Double tops/bottoms are a sure enough signal for me. Not against the AUD, that's come off a lot already over the past 24 hours.
Discl: Now long against the CHF and USD.