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prashfx Dec 8, 2019 12:57am | Post# 11801

{quote} I am thinking the 6570 - 6600 +/- area can push kiwi back to 6430-40 levels trigger being FOMC/EU IR rate decision (in absence of any major kiwi data) and mid dec we have kiwi gdp etc which can decide how it moves from there. around 6600 area was significant hurdle when it was moving down too. ofcourse lots of +ve news on kiwi (fiscal stimulus / good cpi / rates on hold/ etc) but question is how much of that is already priced in. also on a longer term basis on weeklies ... kiwi is still on a downtrend.
further i expect kiwi gdp (to be released 19 dec) to disappoint in line with aussie gdp .. which should put back some pressure on N$

vincentprice Dec 8, 2019 4:26am | Post# 11802

{quote} I am thinking the 6570 - 6600 +/- area can push kiwi back to 6430-40 levels trigger being FOMC/EU IR rate decision (in absence of any major kiwi data) and mid dec we have kiwi gdp etc which can decide how it moves from there. around 6600 area was significant hurdle when it was moving down too. ofcourse lots of +ve news on kiwi (fiscal stimulus / good cpi / rates on hold/ etc) but question is how much of that is already priced in. also on a longer term basis on weeklies ... kiwi is still on a downtrend.
NFP came in strong on Friday - looking for a follow through this week in the $ index. I will also be looking at how the pair reacts to noise from US data releases. As you say the downtrend is still intact which is at present the overriding factor in my decision making on this pair. 0.6600 is a significant area of S/R allowing a good risk reward entry.

prashfx Dec 10, 2019 9:51pm | Post# 11803

{quote} further i expect kiwi gdp (to be released 19 dec) to disappoint in line with aussie gdp .. which should put back some pressure on N$
short NU position going as planned. 6570 proved to be resistance till now on dailies. will see how FOMC/EU IR decision affects it.

vincentprice Dec 30, 2019 8:11am | Post# 11804

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Short setup on the AUD/USD fading resistance as follows;

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vincentprice Jan 3, 2020 7:43am | Post# 11805

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Short setup on the AUD/USD fading resistance as follows; {image}
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AUD/USD reversed aided by geopolitics, however it clipped my stop before doing so!

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vincentprice Jan 21, 2020 6:25am | Post# 11806

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Positive ZEW economic sentiment data is significantly more upbeat than expected, making increasingly less probable that price will break current support around 1.108 in the near term.

4h trailing stop loss.

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