Nzd.usd

[zyreon]

IMO

Thursday's RBNZ statement will keep it above 70 from at least here till then... market pricing in expectations of 1. the possibility of a rate rise, and 2. the possibility of dr bollard making a statement like no rate rise now but maybe next time

(fundamentally speaking of course... on the downside there's 29/30 june FOMC meeting, which could provide a catalyst for exploring levels below 69?)

[arco]

Xerof

quote:Where are we on the SPIDER INDEX Arco?

The 'web' based oscillator is below zero and as mentioned
previously I expect a test of the H&S neckline before
NZD continues south. Long term - down

arco

[Xerof]

Sold two units at 7087 - close enough to neckline for me, but will add more whichever way it goes.

Xerof

[peat]

yes its looking stretched ... i have one short from a while back - about 100 pips out now [B)] ( I didnt initiate it at that level but thats where the rollover places it now)
I will roll with it at this stage as its only 1x10k , will average up if i get the opportunity (cant trade from the day job office unfortunately hahah)

[zyreon]

wtf... just spiked way up

[peat]

its finding some wings alright!!

[zyreon]

maybe a jumping spider

[Xerof]

quote:Sold two units at 7087

Nope, not a good decision this morning. Stopped and reversed at 7134 for 5 units (net 3 long). Have downside stop at b/e now as I don't completely trust this upmove, but we all know Kiwi has a terrible habit of overextending. Ozzie looks bid to hell, did hear Asian CB has been a big buyer....

Xerof

[peat]

it would appear some spiders catch the breeze quite well.
I bailed on my short, a bit late really
no pain no gain. [?]

[peat]

i cant help but think you'd be brave to long at this point...
but if i strongly believed that I would have held onto my short

i'm all flat at this present moment.