Nzd.usd

**slam** · 20-03-2006, 12:10 PM

Hi All

Anyone think this is going to bounce?
Oversold on many aspect, but defying the charts as far as that goes

Cheers
Slam

**peat** · 20-03-2006, 01:10 PM

The Danes have been sayin that AUD and NZD are vastly oversold and have been predicting a bounce.... she was even talking about the monthly chart...but that was about 1.5 cents ago....
In my demo trading I've had a couple of attempts at longing it, but both times my relatively tight stops got eaten.... wasnt thinking it would get hit so hard this morning.....

As they say, catching falling knives can be quite dangerous.
I think there might be some statistics out this week too which will of course be spookingly bad no doubt.

**Xerof** · 20-03-2006, 02:01 PM

Peat, well its had a couple of wrinkles along the way as suggested, with the fine tuning courtesy of Arco, but my chart of 10 days ago still looks like playing out....ahem....then wot? he says...lol

Xerof

**peat** · 20-03-2006, 08:54 PM

quote:some danish fx chick

AUD/USD and NZD/USD
are being slammed right
now due to heavy stop loss
buying of EUR/AUD and
EUR/NZD. I consider it
only a matter of time before
the commodity currencies
will revenge themselves and
start climbing against the
dollar.

**peat** · 21-03-2006, 01:42 PM

have longed again at 6240 (almost your target Xerof)

**Alpine Dragon** · 21-03-2006, 08:56 PM

It's days like this that you hate being right. A month ago, I said that it broke significant support level and that it was in free fall, and in free fall it is... Infact you could almost call it a crash.

Although I managed to get the bulk of my savings into overseas investments in accordance with my plans in the past year or so, I Misjudged the potential impact/severity of this move and it still caught me by suprise

IMHO, this is clear indication that the relentless bull we had in the NZD currency is now over and now we are in a NZD bear.

http://www.nationalbank.co.nz/econom...nge/nzdusd.htm

**BackOffice** · 24-03-2006, 05:58 PM

Does anyone think its time for a small bounce to say 64-65c USD
[|)]

quote:Originally posted by Alpine Dragon

It's days like this that you hate being right. A month ago, I said that it broke significant support level and that it was in free fall, and in free fall it is... Infact you could almost call it a crash.

Although I managed to get the bulk of my savings into overseas investments in accordance with my plans in the past year or so, I Misjudged the potential impact/severity of this move and it still caught me by suprise

IMHO, this is clear indication that the relentless bull we had in the NZD currency is now over and now we are in a NZD bear.

http://www.nationalbank.co.nz/econom...nge/nzdusd.htm

**slam** · 25-03-2006, 01:36 AM

Hi BackOffice

just a thought, but .5934 could provide some support (May 04 low)
In unfamiliar territory atm and all I have is a tight stop following it down

AUS/NZD top at 1.1784 will fit nicely with that.
Monthly charts are ominous

Would be about right, the last time it was this low I was off to Aus for a break, and I just booked some tickets for me and Mrs Slam[}

]

Any other thoughts out there in Gann Land

Cheers Slam

PS: just back from a gig, not just sitting up all night[:o)]