Nzd.usd

[slam]

Hi All
Been a while away from forex for me, but back in now.
Taken this short a couple of times over the last 48 hours
behaving nicely
looking to penetrate the double bottom on the hourly at .7925 or reverse on a bounce

gta
slam

PS may get a third (c) wave of the FIB first

[slam]

...PS may get a third (c) wave of the FIB first

And it did :o

[peat]

quoting the herald quoting Bollard

"Despite increased global risk aversion, it is not yet evident that the carry trade is dead. We have still seen a relatively strong issuance in the New Zealand dollar in recent months via uridashi bonds, for example.
"The role that hedge funds can play at the stage where an over-valued exchange rate begins to adjust back to a more normal level is also unclear. Whether hedge funds assist the adjustment process or whether they make it more abrupt and costly is debatable."

[slam]

Trade still open
moving nicely at 120+ pips

anyone else playing this pair?

Cheers
Slam

[peat]

i'm still running a short kiwi vs AUD, slam, from 1480 . currently 1610
pulled back a bit last night tho....

[slam]

running that one to peat
should bounce from here imo ( I'm long AUD/NZD)

gta slam

[Steve]

Tickled and failed at 82 again today. Very volatile, but could it be topping or preparing for a run up tp 85?

[slam]

Got well and truly stopped on last weeks short
and missed this weeks
Maybe get next weeks
Cheers
Slam

[Steve]

With the latest NZ data released showing that the economy is slowing down fast, it is now considered unlikely that the NZDUSD will test a new high, so possibly time to consider a decent short?

[AMR]

My thoughts too. Dailies are showing a descending triangle with the floor at 0.785...