|
Is there a good EA for trading this pair? |
1 Attachment(s)
I have decided to close this position (nice profit) and market is in the support area now.Wil watch for another short. |
I have locked in about 180 pips profit on this one too on part of my position. Looks like the 1.3220 resistance has been broken. Perhaps the 1.2950 will hold as the next resistance. Then again this downfall has picked up much steam, similar to how the AUDNZD went from about 1.2930 to 1.35. New Zealand seems to be back in favor. Along with the recent China interest rate increase, I am also wondering if the recent floods in Australia have been holding the AUD back. |
aud/nzd What are people's thoughts on AUD/NZD situation? Currently @ 1.2818. I've taken a few long positions with 1.3000 as the target. It's interest +, so i'm keeping it 'til it reaches fruition. In the event of further retracement i'll be looking to add a little more. (Next limit order @ 1.2750). RBNZ kept rates at 3% and risk appetite still runs high, or so it seems. I'm banking on Aussie to make me a little money here  Regards, |
taken a very small long position at 1.2800, expecting a bit of a rebound in the coming sessions.. however with the current fundamentals this might not find good support untill the1.2650 region. Market also seems to be short metals and long soft ags over the past week which could also support further declines.. be careful. |
I concur, gleem, caution is very much warranted at this junction. Discretion is a better part of valor, as they say. I've been taking relatively small positions so as not to over-expose myself, and be able to $-cost average effectively. I'm ok with this pair going as low as 1.2500. Beyond that, however, i would start getting worried. Meanwhile i'll be welcoming the positive interest trickle and enjoying the ride. Cheers |
A long right now would only be a fair bet. Too much negative recent news surrounding AUD and some decent positive surrounding NZD. I am expecting a drop close to the 1.2750 at least. Then 1.2650 form there. Some consolidation. If NZD news keeps coming out positive and AUD negative then a drop to about 1.24. I expect some consolidation along the way. |
 |
Any short this pair? I just went short with SL @ 1.3524 and TP @ 1.3361 trading the 4H, 1H charts. Any opinions? |
Post your charts and we'll discuss about it |
Not me, at least not yet. I am on 4hr and its ranging. |
Short is a farily good bet especially with a tight stop loss you have little to lose. There is a good chance of 1.3640 in the next week or two. However the bad news appears to be all out for NZD. AUD will most likely hold interest rates steady in the next week. However there is speculation that NZD may lower their rate by .25 in about a week and a half. If that does not occur your short may be good as a rate decrease is at least half built into the high current AUDNZD. |
|
|
1 Attachment(s) BUY 0.100M AUD/NZD @ 1.34944, SL 1.34000 (94 pips), TP 1.37300 (236 pips) bullish ABCD pattern on 4H chart |
1 Attachment(s) harmonic patterns |
bump Is anybody around here trading this pair now? What are you paying in spread? The best OandA can do is 6 pips, ususally 7 +/-1. How do you trade it? Any microscalping mean reversion ea traders here? I am scalping it manually sometimes when ranging behavior is pronounced. Dealer's spread is high to discourage that. Otherwise, cake. I think I remember seeing AUD/NZD spread of 3-4 somewhere not too long agao - maybe CitiFX, will have to look a round. What do you know about recurring fundie influences on AUD/NZD? Any knowledge dropped appreciated. |
Distribution in progress  Small entry..sell 3097 sl 3135 |
|
1 Attachment(s)
One thing I think I am seeing is that the pair has a certain balance that can be upset by news events that bear on the AUD or NZD - as happened today with the aussie CPI data release. The "news effect" is not particularly fast moving though, so you can often exploit it.... |
© Forex Factory