Nzd.usd

[Pumice]

I am still fundametally bullish on the NZD/ USD longer term as per my post on the 15/01. I think we will revisit 80 by year end.

However I went short at 74, and closed the last of my position today, after that announcement, it moved 100 pips on the increase in unemployment, so nice gain to add to the pips I had already take off the table at 73 & 71.

Technically it could go lower, if may even go as far as 65 if the markets get really volatile, but most people who trade on fundamentals on a yearly basis go broke, as markets can remain irrational to fundamentals longer than most can remain solvent.

At what point would you be bearish on the NZD? Personally I am short the NZD but I do agree with your coment "most people who trade on fundamentals on a yearly basis go broke, as markets can remain irrational to fundamentals longer than most can remain solvent."

[Hoop]

At what point would you be bearish on the NZD? Personally I am short the NZD but I do agree with your coment "most people who trade on fundamentals on a yearly basis go broke, as markets can remain irrational to fundamentals longer than most can remain solvent."

TA.. showing NZ$/US$ at a critical point...
Bouncing on its 68.5c support line which is also the old Fib 61.8% retracement line.

80c by October 2010 would seem a big ask if the 68.5 support breaks

[arco]

.

Managed to nail this one on the blog yesterday for max of +109 pips

4/5. Nzd.Usd #47 – Short term looks slightly bearish on break of Bear Flag (1H chart) with potential for test of Chikou 7241

[loofa]

.

Managed to nail this one on the blog yesterday for max of +209 pips

4/5. Nzd.Usd #47 – Short term looks slightly bearish on break of Bear Flag (1H chart) with potential for test of Chikou 7241

What was the range of the 209 pips? I can see a high of 7320 and a low of 7187

[arco]

Hi Loofa.
My apologies, that was my typo - should be 109 - maximum now +150 pips (I allow 6 for spread)

[whatsup]

Holly H@ll, today with the good news re Bollard look at the $ ,, UP .01 sofat today , 11.00 ap, employment news looks like its driving the rise.

[Pumice]

I'm staying short, I see it bouncing off the 100 day SMA. and still within a channel.
But it is struggling with the 200 day SMA.

[Silverlight]

Pumice that looks like a great "Bull flag" in your chart from 7 April.

May be looking for a breakout above the top downtend line?

[Pumice]

I cant say I'm convinced, I'm still looking for the downside. However I have unrealised losses that a close to being stoped out. So I may be convinced soon.

[Silverlight]

Bull flag break out?