Nzd.usd

[Pumice]

i think it will but not quite yet.

i will close my short positions in kiwi for a small profit here , uptrend still looks intact for the moment , should find better short levels higher up.
i would now be looking at 80.80 area if seen.

Good timing, GDP surprised to the upside, almost triples expectations.
Things aren’t so bad in NZ after all.

Might be awhile before a short opportunity presents itself.

[dumbass]

Yep that was an impressive number , technically the kiwi looks good for further upside and i shall buy on dips.

[dumbass]

Significant night time action has most likely signalled the end of the uptrend, i will now go heavy short with anything into the 79's seen today with a stop against yesterdays high.
Expecting new lows in the kiwi if this is the real deal. G/l guys.

[peat]

sAttachment 4018I was initially long but somthing made me go short last night

[dumbass]

I have spent a bit of time over the weekend looking at the kiwi and it still looks good for a short.

Im not sure this will be the big short im hunting for but should be profitable all the same.

Looking to get short into the 79.40 area , the stop should be wider than the recent 80.16 high

to allow for a break and fail. Target 77 and could be quick.

Still looking at 68 but not ready yet.

[dumbass]

Shorts on at 79.40 and more at 79.50 , nice move lower which can be added to against 79.60 now for more dowside .

[Pumice]

Shorts on at 79.40 and more at 79.50 , nice move lower which can be added to against 79.60 now for more dowside .

As you pointed out Previously, NZD has struggled with the 80c mark, so hopefully we will see it slide to 68.

[dumbass]

Hi pumice , i see nothing to change my long term target of 68 at present.

On a more medium term view the clues are starting to appear suggesting a downtrend to 77 area where i would expect kiwi to reverse and have another crack at 80 probably getting up to
81 to 82 before the preverbial hits the fan and takes us down rapidly.
Hope this helps and i will keep you informed how things are progressing.

[Pumice]

Hi pumice , i see nothing to change my long term target of 68 at present.

On a more medium term view the clues are starting to appear suggesting a downtrend to 77 area where i would expect kiwi to reverse and have another crack at 80 probably getting up to
81 to 82 before the preverbial hits the fan and takes us down rapidly.
Hope this helps and i will keep you informed how things are progressing.

NZD is looking pretty shaky.
NZ PMI data and Aus employment data wasn’t too flash. No doubt the slowdown in Chinese GDP will have had a negative effect as well.
Hopefully this is the start of a big bear leg. I haven’t added to my position yet though, will wait for a break of 79 first.
Are you trading/looking at anything else DA?

[dumbass]

NZD is looking pretty shaky.
NZ PMI data and Aus employment data wasn’t too flash. No doubt the slowdown in Chinese GDP will have had a negative effect as well.
Hopefully this is the start of a big bear leg. I haven’t added to my position yet though, will wait for a break of 79 first.
Are you trading/looking at anything else DA?

hi pumice , there was a nice long this week on the aud , i tried to post in over the weekend but i think the sharetrader site was down , never mind plenty more where that came from.

3 long trades on at 1.012 1.018 1.020 for currently + 520 pips , i think we may see a retrace from here but it should be quite shallow, i will target 1.0480 area to close longs and reverse for a short.

the internal waves suggest one more wave higher from here.