AUD.NZD

[peat]

closed out at 1.2220

[FYA4999]

Kiwi dollar is in freefall against other major currencies now. On course to hit new lows in a few months time. I suggest buying AUD/JPY and holding on.

[777]

So with the rises over the last few days when does one start buying A$.

[clearasmud]

This publication may help answer your question

Its issued weekly.

http://www.nbnz.co.nz/economics/publ...arketFocus.pdf

Regards,
Clearasmud

[slam]

Hi All
This one looks like it may be one of those Gartley / Butterfly patterns to an untrained eye.
Any thoughts out there

Cheers
Slam

Edit: On the daily

[arco]

Hi Slam

Not sure if you are looking at 'X' from 11/5/06, or from 6/7/06.
Although the larger is a wierd Butterfly pattern, the agreeing 'D' level from both gave a confirming point for a short and about 420 pips max presently.

I have been concentrating on the majors so sadly I didnt trade that one.

Regards - arco

[slam]

Hi Arco
No I didn't trade it either ( The right way anyhow)
Was just looking for the end of this run, which may be now for a Gartley, or could go on to be a Butterfly.

There I go thinking out load again

Cheers for the reply

Slam

[slam]

Still heading lower and broken the lower support on the daily.

The reversal on this one should be nice

Cheers
Slam

[arco]

Hi Slam

May be a ways to go yet....but lets see how it copes with 2 TL breaks first.

13 black candles in a row must be an omen [}]


arco in QLD

[slam]

red on mine arco