Nzd.usd

[slam]

Hi Pimpit
Depends on your trading time frame.
By the sound of your post, you are not using a trading account, just exchanging currencies, hence I gather you are long term.
If so imo, the kiwi has a way to go yet, against the USD anyway.
(don't follow GBP/NZD)
In the short term, it may come back up a bit, but I believe it will be a short lived bounce.

Others may differ from this theory

Any other points of view out there?

Cheers
Slam

[slam]

And there starts a bounce[8D]
.6250ish first stop on the daily A
.6140ish on the Hour(a)

Cheers
Slam

Edit: thought I'd add the hour

[BackOffice]

Not ready, just yet, to close my NZD shorts. More news later in week. But yes looking like the bottom of the curve for a while anyhow. Big action expected next year with the Jap house wives getting out, boy are they going to be out of the money with their bonds.

[Dazza]

sold NZD at 6102

awaiting the anticipated OCR tomorrow.
stop at 6121

ill place a limit at 6076 :P
wish me luck

btw peeps, how do u register for like announcements in interest rates, economic data etc,and where u get em from?

nzherald? thats usually delayed news..

[slam]

Well
close to the hourly and then down again for a new low
(Good call Dazza)
Will stay out and see where this settles
.5934 may still come into play yet

Cheers
Slam

[Dazza]

ah yes cool 50 bucks AUD made :P
yes i was tinking of not putting a limit in, but arcos words always stayed in the back of my mind.
take profits while u can in fx

[Alpine Dragon]

I see that it's continuing it's relentless crash.

[Dazza]

yes made another 40 pips when i was at work
had a limit at 6023
not bad at all :P

[Base Trader]

Resistance at or about 0.60. Looks like the shorts tried to run .60 but found buying.

My guess is that it will do it tough to breach 0.60 in any meaningful way without some more fundamentals shaking the tree. The bad news will come and I do not think many have an appetite to be long in Kiwi at the moment.

[BackOffice]

Is this the bounce or just an upward leg to greater highs.

Any charts Xerof