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  1. #11
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    Yes this is very painful. I've had most if not all of my profits eaten up by the weakening AUD. Not happy!

  2. #12
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    I agree SKID that our economy is quite small that one bad news can knock Kiwi hard just like the mad cow scare a few years back that knock 100 pts off just like that. But based on outlook soft commodities looks rosier than hard commodities so NZ will have an upward bias with Dairy prices going up. Although another Fonterra scare can just derail everything. But looking at the chart we might see NZDAUD scale new highs in the near term.

    Quote Originally Posted by skid View Post
    Stand back and ask yourself if it is more likely this strong $Kiwi (against $A) will continue or fluctuate back.
    The $K pros- maybe interest rate increase--economy seems to be growing ATM
    The cons-when ever something scarey happens(like Greece or Cyprus) It knocks the $Kiwi worse than other currencies as its considered more risky

    Im banking that the kiwi$ will drop on some bad economic news at some stage,but forex is hard to predict

  3. #13
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    [QUOTE= But based on outlook soft commodities looks rosier than hard commodities so NZ will have an upward bias with Dairy prices going up. Although another Fonterra scare can just derail everything. But looking at the chart we might see NZDAUD scale new highs in the near term.[/QUOTE]

    I read somewhere recently that globally dairy production is recovering (was bad weather etc) and this will put a downwards pressure on Dairy prices so if so we may be near a top right now.

  4. #14
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    Quote Originally Posted by Joshuatree View Post
    I read somewhere recently that globally dairy production is recovering (was bad weather etc) and this will put a downwards pressure on Dairy prices so if so we may be near a top right now.
    JT - I hope so ! I don't like seeing investment gains eroded by forex

  5. #15
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    Attachment 5628
    Um yeh, I been building up shorts on this cross
    As per the purple down arrows

    Moosie
    The article you posted a link to doesnt reference the aud/NZD but the aud/usd
    Last edited by peat; 27-03-2014 at 08:51 PM.
    For clarity, nothing I say is advice....

  6. #16
    Legend peat's Avatar
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    The cross that is the title of this thread aud/nzd
    For clarity, nothing I say is advice....

  7. #17
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    When RSI < 30
    For clarity, nothing I say is advice....

  8. #18
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    Yes, 70,30,14
    sorry, cropped it out of the pic

  9. #19
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    Moderately acceptable bearish gartley on the AUD/NZD cross now
    For clarity, nothing I say is advice....

  10. #20
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    Last edited by peat; 01-04-2014 at 09:41 PM.

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