Nzd.usd

[Xerof]

Just took short NZD trades from 7335, 7308, 7255 and 7231 (2 units) back at 7111 for 805 pips (on one unit equivalent)

Will look to sell on rally to 7150 if seen, or on loss of 7080

Xerof

[slam]

Nicely done Xerof
Great entry points as well.

Cheers
Slam

[arco]

Still holding this as a longer term trade +229.

Circa 7080 may cause some hesitation IMO.

[Xerof]

Yes, I thought we may have seen a bounce across the board earlier today, but seems not to be just yet. Haven't re-entered any USD longs yet - will see what Europe do to it but like you, Arco, still keen for much higher USD. Ideally should be able to re-enter on a slight bounce but have to admit it's not looking terribly promising at this stage for the bloc currencies.

A contact at ANZ has just put out a TA update on NZD - a breach of 7050/75 targets 66 odd cents in quick time - the old 'killer wave C'

Would love to post it here, but its a protected doco.


Xerof

[arco]

Xerof

Thanks for that valuable info.

Here are some figures that might interest you,
and which tie in with the ANZ view.

A Bullish Butterfly could complete around 6562-6754.

There are Fib Levels circa 6502 - 6683

Plus other Gann levels throughout that may
cause some support and bounces. I will indicate
these as the NZD plot approaches.

arco

[arco]

Xerof

Are you able to 'Snap' that ANZ doc and post it via TT,
or is it copyrighted?

arco

[Xerof]

Arco, its on the other side now

cheers

Xerof

[arco]

Xerof

Many thanks for positing the EW chart.

Short stopped out o/n at 7092.....+ 206

Auto long at 10 am.......7080......

+11 (short term trade)

arco

[Dazza]

i can see easy the EW on the AUD/USD ..

howeva i am unable to see it in the NZD/USD?

mind if someone can give me a tip/hand?

[arco]

Dazza

This might help

http://forum.tacticaltrader.com/attachments/nzd.usd.gif

arco