AUD.NZD

[arco]

Hi Peat

I don't concern myself with the fundies, but
if we get a sharp move I sometimes search for
the possible reason.

Its quite incredible, but usually the charts
warn me well prior to the news.

regards - arco

[arco]

Still looking OK

+ 110 pips

May be a bit of hesitation circa 1475

........trailing stop to lock in profits
as the plot proceeds

regards - arco

[peat]

50 or 60 pip corrections without trend break tho... so guess the trailing stop should be rather large , i've only raised it to 1360.

NZD triple topped at 6620 which makes me think there has to be some downside test in that one at some stage.

[arco]

Hi Peat

Yes, stops need to be kept at sensible levels, otherwise they can be easily triggered........amazingly by 1 pip [V]..... How DO they do that

Also the stops margin required seems to have increased dramatically over the last year or so.

I added more to my position......so see how we go

arco

[Dazza]

whats the pip spread for u guys on the platforms ur using?

its 12 for me >< for audnzd

[Xerof]

12 is not unreasonable - mine is 13 at Saxobank

Xerof

[peat]

12 for me too...
Oanda only has 9 (tho it can vary)

[huds]

18 with a 81 min stop. (IG)

[slam]

Hi All

From my news ticker, for what it's worth

San Francisco, October 16. AUD/NZD has
been firm most of the NY session, pressing against the overnight highs of
1.1455/60 but is now giving up gains, dropping back to 1.1420. Traders here see
the cross overvalued with the recent basis for long AUD/NZD recommendations
based on expected revisions of the CPI weightings that should see inflation drop
in NZ. However, the analysts are blatantly ignoring the fact that even with the
expected decline, inflation is running well above the RBNZ comfort zone and the
housing and labor markets are still seen underpinning price pressures in the
economy. Some pundits are now calling for an RBNZ rate hike this month, and this
is being ignored in the price of the cross which still has NZD with a yield
premium over AUD. Even more conservative analysts see a 50/50 chance of a NZ
rate hike before the year end. This risk is seen pressuring the recent longs,
risking a pullback to 1.1200 in coming sessions.
NZD/USD is at 0.6594/99 currently, still meeting offers ahead of 0.6600 with
more sellers tipped at 0.6620. Rhonda.Staskow@thomson.com

[arco]

Hi Slam/All

There are some Gann resistances in the 1475 area, so these may cause a little hesistation before the action tries to close that higher gap.

regards - arco