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18-10-2016, 11:02 AM
#1631
Member
FX traders had their crystal ball out this morning it seems, correctly predicting the 0.2% inflation number 20 seconds or so before the data release (market expecting 0.0%). How efficient.
Attachment 8372
Smashed through the topside resistance of 0.7150, should be interesting to see how this trades over 24 hours with a Dairy auction overnight with futures indicating a lift in prices (on reduce volume) which should see the kiwi well bid.
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22-10-2016, 09:04 PM
#1632
In the short run we should see some volatility. The U.S. dollar rose to fresh highs against the euro and a broad range of currencies including China’s Yuan on Friday. As I said before I expect bigger fall in NZ dollar in 2017/18 against not only USD but also against basket of currencies.
The NZD gave up its gains against the USD in the past few trading sessions, losing 0.3%.
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12-11-2016, 04:36 PM
#1633
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22-07-2017, 03:08 PM
#1634
NZD is on an absolute tear... Looks like nothing can stop it. Can any one see the USD strengthening later this year?
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20-08-2017, 10:42 PM
#1635
Member
Opps, just posted a new threead, should've posted this question here, Would a Labour Government mean a fall in the NZ Dollar?
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01-09-2017, 08:16 PM
#1636
Originally Posted by brettdale
Opps, just posted a new threead, should've posted this question here, Would a Labour Government mean a fall in the NZ Dollar?
looks very much like it
H+S broken ...>>>.68
For clarity, nothing I say is advice....
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02-09-2017, 09:31 AM
#1637
Junior Member
I agree Peat, it was a classic head & shoulders with a neckline around ,7200-25 depending upon where you want to draw it - now well broken, and it it can hold below those levels early next week, the measuring objective for the weakness is around 0.6850. It may takes weeks or months, but that's where it should be headed - whats the investment play is the question?
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02-09-2017, 12:54 PM
#1638
Originally Posted by FXTrader
I agree Peat, .... whats the investment play is the question?
ah yes the strategy
well I am short already medium size, will add again several times as it approaches 74 , become nervous after a clean break above 74 , and then look to exit
I tend to scale in an out these days , not looking so much for the killer single entry
For clarity, nothing I say is advice....
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02-09-2017, 01:11 PM
#1639
Originally Posted by peat
looks very much like it
H+S broken ...>>>.68
Yes peat, I was reviewing a few charts and was going to post on the H&S - perfectly formed (like my wife). Should, in theory, progress to under .69. Appears to be kiwi specific as NZDAUD also falling
Last edited by Xerof; 02-09-2017 at 02:53 PM.
Reason: get the cross right Xerof....
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02-09-2017, 01:12 PM
#1640
Originally Posted by Xerof
Appears to be kiwi specific as AUDNZD also falling
au contraire AUD/NZD rising. as is my account balance from that.
For clarity, nothing I say is advice....
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