New Zealand's Dollar `Overvalued' and Will Weaken, Says Goff

There seems to be a certain, somewhat undeserved, franticness among some re. the state of the Kiwi. For those who are curious, I would suggest spending a few hours on the RBNZ site, http://www.rbnz.govt.nz/ . Unlike many CB sites, the Bank has made a strong effort to make the info clear and comprehensible, and to put their actions into perspective.

If bank intervenes , usually at what time will it take effect/ any thoughts anyone?

Buy the pair when intervention occurs and buy again and again. Any currency that relies on intervention is a very easy play.

From Fxcm

22:31 NZD/USD: Well Bid In Early Trading As Longs Reestablished Sydney, July
9: The NZD/USD has moved higher in early Asian trading as longs are being
reestablished after a few longs pared back on Friday. Traders say that there was
some concern on Friday afternoon in New York that the RBNZ may choose late
Friday/early Monday as an opportune time to intervene, but they haven"t and the
NZD is bid again. Hourly resistance is found around 0.7845 and a break above
that level targets Friday"s high around 0.7865. Support is found around
0.7790/0.7800 and a break below 0.7790 targets the 38.2 fibo of the
0.7570/0.7880 move at 0.7760. The NZD/USD trades 0.7826/31. --
[email protected]

Nothing is happening. KIWI up by 250 pips since the last intervention 4 weeks ago. They got no $ to push down the market.
Who in the first place want a high interest rate?

The only way make KIWI stop gaining to 0.8000 is to reduce rate to 5%. period.

http://www.bloomberg.co.uk/apps/news...rld_currencies

so after all this, are we peaking? Looks like carrys are still favored! Who would wanna hold their shorts if your paying 8%? Surely going downriver is not our game.

Looks like the BOJ is not taking a whim out of these pleads...happy to keep their currency low coz they want business, now, how much does that NZ govt wanna control their currency? Forced inflation? in such conditions not even bernake on heavy cracks would even wanna consider...

nothing will happen, who cared about the news.

my LONG truck @0.7777 not hit. _)@#)($#(*(*$##)($)..