Yeah that's my same thought with the Yen. I can see that going back toward 120 to the USD.
I'd like to see the AUD/NZD strengthen again back toward 1.02. But it seems to like 1.05+ at the moment.
Printable View
Yeah that's my same thought with the Yen. I can see that going back toward 120 to the USD.
I'd like to see the AUD/NZD strengthen again back toward 1.02. But it seems to like 1.05+ at the moment.
AUDNZD not looking like coming back yet unfortunately Daytr, might hit some resistance around the 1.072 area - good spot on the Yen, thanks, that has potential
Also potential for NZDUSD to be back around the 0.66 area soon-ish
NZD Hanging in around Aoo.96
Still might see parity ...maybe
Yeah....I'm noticing the macro's are looking healthier e.g commodity prices are ticking back up...wool oil dairy metals (iron ore, copper etc)..great news for the big commodity exporting nations like Aussie and Canada (NZ too)..
Parity depends on who would benefit better going forward from here, NZ or OZ? A tough question to answer..both will do well but purely from the macro viewpoint my gut feel favours OZ
There is a large bullish gartley on the AUD/NZD cross, but its on the monthly timeframe so could take a while to eventuate, or of course it could fail ;+)
POE 1.03101
TP 1.05016
Perhaps a wee bit premature ...
About to plummet
Attachment 8587
I believe the appropriate statement on the forum these days is 'nicely positioned'
:)
bought more AUD/NZD at 1.0481 ....... target is 1.1 so thats 90 for you people who quote the other way round.
Attachment 8616
I still reckon the pattern of short term spikes and tumbles to remain in place. surprisingly (for some) is that the NZD hasn't fallen v AUD in response to Australian export prices improving relative to NZ prices in recent months.
I still reckon NZ fundamentals will perform stronger than Australian fundamentals this year and so see NZD/AUD remaining pretty high this year (maybe longer) .......and one of those spikes could even take it to parity (thats 1.0 who quote te other way round)
Depending on your timeframe peat you might get lucky on one of those short term tumbles
your post sounds pretty sarcastic winner , what with the conversion of parity and the 'you might get lucky' .... :mellow:
but thank you for the correction.
my time frame is quite large as the bullish gartley is more visible on a weekly time frame,
this pic is from mid August last year
Attachment 8623
this is current
Attachment 8624
so its done a double take on the D leg but following that has behaved appropriately. I;m not predicting the relative economic strength of the economy's (this is TA) it just looks like a perfect reversal pattern after those huge moves down from 2011 shown here and then a final capitulation leg.
Attachment 8625
not sure about my standing, but I persevere. and try to be helpful both here and for work.
No sarcasm peat - just our views are different but then one is from a TA perspective and the other from a fundamental perspective
Standing - just a thought that as you work in the finance industry things should be 'right'
Sorry you took the post the wrong way. Didn't intend to offend. Forgiven?
yes yes no problem, and indeed things should be correct, I was definitely careless with that conversion.