Nzd.usd

[Steve]

I see that the 3-minute NZDUSD has been in a trading range between 7239 & 7255 since about 14:30 NZT (approx 5.5hrs), testing both levels twice.

Whichever way it breaks, it should have some momentum...

[Steve]

As an aside to the above comment, using 7255 as the high and the 2-day low of 7186, there is a fib retracement of 23.6% at 7239!

Therefore, it appears that the trading range fits the fib levels based on the current move.

I could post a chart, but not too sure how too...

[miner]

Steve,re posting charts,http://sharetrader.co.nz/topic.asp?T...3&whichpage=40

Cheers
Miner

[peat]

so.... I will concede the broadening formation has broken out on the upside, as Bulkoski said there was a reasonable chance of it doing. Resistance at just above 72 was found, but overcome. Ah the pain of trading forex.

[arco]

Hi Peat

Perhaps Mr Gann will assist circa 7324, however
theres always the old Mar 05 top at 7467 that
could act like a magnet.

regards - arco

[Steve]

quote:Originally posted by miner

Steve,re posting charts,http://sharetrader.co.nz/topic.asp?T...3&whichpage=40

Cheers
Miner

Thanks Miner!

I will have a go and see what I can post on here...

[arco]

Kiwi is looking slightly vunerable.

I opened a short yesterday and closed it this morning for 23 pips. (My auto target of 50 was not quite reached overnight).

Anyway, there may be another opportunity considering yesterdays black EOD candle.



regards - arco

[peat]

article published y'day before todays rate hike....

http://stuff.co.nz/4078120a1865.html

[arco]

Hi Peat

Bad Stuff [:0]


......So they might be quite surprised if it reaches 7890,
or even more. Its very likely IMHO.

regards - arco

[roddy]

Hi All,
think kiwi wont go much higher for awhile as resent rate increase was anticipated,shorted from 50 yeste4rday,missed todays chance.
i know d doesnt quite fit the perfect form! cheers roddy