Nzd.usd

[slam]

Hi All
Looking at circa .7550 as low on current channel to exit.
Will cover/reverse on a bounce
May have another wave to go before then.(4/5)
Been in this channel now since March

Anyone else surfing it?

Cheers
Slam

[arco]

Hi Slam

Yes I was in for 42 pips off the fall

rgds - arco

[slam]

Maybe turning down again for 5th leg
Target as below

Cheers
Slam

[peat]

i also got 40 pips on Friday night from 7697 - 7658

it seems to have bearish gartleyd since 7750 making it a sell at 7720 tho I wasnt there to partake (currently 7695)

[peat]

just closed for another 50 thanks slam

was a bit slow getting in last night , looking for a bit more confirmation which I felt I had at 7686 and have just closed now at 7636....

if I'd playd the gartley with conviction it would have been 80 pips. 50 is ok tho. kiwi hasnt a history of doing me any favours....

[slam]

Hi Peat
Nice
I'm still holding for .7550ish
Broken .7630 so still possible
Will cover on a bounce (got tight stops)

Cheers
Slam

[slam]

Closed shorts on spike down at .7560
on bad news "March/Q1 Retail Trade Far Weaker Than Expected"

Let see what happens now hey

Cheers
Slam

[peat]

any ideas why the kiwi is going up so strongly after the budget.

its not a USD thing....

[jdg]

tax cuts and govt spending may add to inflationary pressures meaning the reserve bank may not drop rates. that would be my guess.

-j

[Steve]

any ideas why the kiwi is going up so strongly after the budget.

its not a USD thing....

Because I took a short on the NZDUSD the other day...