NZD/USD

people dont like this pair?

Looking to get long aroun 76. Anyone looking for a bounce in this pair soon?

Looks like its pushing further down past the S2 level, and continuing

what do you have as S2?

I got 0.76070 using the 'Force Pivot Points Multitimeframe' indicator

I think the next stop is nearly the 0.7500 mark. With this aim I expect a counterreaction.
Good luck

Kiwi spread 16 pips!! Unbelievable!!

The Course stop at 0.75 Mark

What now?

I think the course go up.

The price go lower, but that is ok.

There are a good chance that the price move long.

On Close basis, 7395 works as minor support barrier in Daily chart and fundamentals are also in favor to not mess around this level.

in terms of Elliott wave counts looks like first wave of 4th wave read as (A) completed.
I've got bunch of technical evidences supports counting, like dynamic time projection and retracements are placed in their extreme range.(It's long story but proficient traders should know what I'm talking about).

it seems today in London session we will see rallies on Kiwi which to be continued on NY session too.overall I'm absolutely bullish on kiwi from here all the way up around 78c in trading days ahead.

Today's Target should be: 0.7524 to 0.7542

We have reached our targets defined yesterday.
couple of hours expected correction moves as appears in 60Min charts OB zone.

Trend tend to be retrace down around 7450-60 and start another fresh hike above 76 after get refueled.

Factory orders and unemployment data published expected to be positive and bring some more risk appetite on.

I'll also keep all bullish next week on Kiwi and only end of next week some weakness or choppy trend underway.

Anyhow I don't think that shorting kiwi could be such good idea at this stage since bull trend just began an impulsive correction.

US index weakness center-staged again and US China currency war is not likely to end anytime soon.
so what does it mean for New Zealand?

 

1. Inflationary forces drives commodity prices up due to expansion of US fed balance sheet.
2. Stronger Kiwi will makes imported goods even cheaper and make customer more exited to spend more rather than saving.

Despite of Europe‘s debt woes stock markets and commodities has not significantly signaled following worries even left growth linked currency behind and took much faster paces.Chart No.1
http://1professor.files.wordpress.co...pg?w=300&h=131
Shrinking GDP could be the reason to pause rate hike but we don’t want nonsense inflation at the same time unemployment persistently high so definitely rate hike must be the solution on the table.Chart No.2
http://1professor.files.wordpress.co...pg?w=300&h=128

when debt concerns dominate normally Japanese yen rallies and kiwi lose ground again GBP as well but as another kiwi crosses speaks, risk aversion is not core issues.Chart No.3
http://1professor.files.wordpress.co...pg?w=300&h=133
My understanding say this market doesn’t scared of debt but hyperinflation so if i was Dr. Bollard definitely rise official cash rate.

Source: 1 Professor

new here. hope you don't mind me posting my trade today. pure PA, pipe breakout south @GMT9 ...

What yesterday we talked about is somehow market's concern too:

 

1. The Australian dollar halted yesterday’s decline on speculation Reserve Bank policy makers will reiterate concerns a commodities boom will fuel inflation, bolstering prospects for future interest-rate increases

 

1. Swaps traders were betting yesterday that the central bank will increase rates by 21 basis points over 12 months, according to a Credit Suisse Group AG index.

News headline here

These could be somehow the reason to rise interest rates in New Zealand too.

Hmmm looks like it has some trouble breaking that trend line - sell ?

too bad I didn't do it

Wish i saw your chart 6 hours ago

First of all , i dont think you drew your trend line accurately.


secondly its the resistance that 0.7666 that held it succesfully as a double top which kinda mirrors AUD.

Happy tradings

Nice place to go short.