NZD fate

Hi to all,
I wanna to know the fate of NZD down trend???
I got short @ 0.7219

Tonight the NZD dies.

Well, it could keep going down, and if not, it will go up

what do you mean by "die"?

nzd/jpy projected below 83.00, nzd/usd towards 7000

I am sorry, but do you have illustrations?

The NZD/JPY and NZD/USD are heading for their Feburary lows. There is an immense amount of sell pressure on this currency right now. The lower it goes the more pressure it puts on any carry traders to unwind their positons. Add to that any hedge funds that had major positions in NZD/JPY or NZD/USD and are facing major redemptions are going to have to unwind their positions. I don't see the Reserve Bank of New Zealand interfering at all. In fact there are many in New Zealand that welcome this decline because it lower the prices of their exports in comparison to other currencies and it will curb inflation.

Daily Chart

look at that sucker gooo! ..0.6893!

10 mins later 0.6844!!!

edit..30seconds later hits 0.6823... wow..

AUD/USD down 140 pips in the past hour so far....great to have traders during the early asia hours.

The price action in NZD/USD has been wild over the past few hours. This baby has taken a fall of almost 1300 pips in less than a month!! This type of fall rivals one of the yen pairs.

and turn back jip its go up before hit new low

Holy crap!

now what is the expection of NZDUSD??

Any thoughts on the NzdJpy and EurNzd. See link for a past article.

http://www.forexfactory.com/news.php?do=news&id=42326

Thanks for reply, but we need updated charts please

Hi all

do not you think carry trade again comes into play once fed cut its interest rate and calm the markets? and high yielding currencies again soars?
because i myself believe that going short high yielding currencies costs you a lot as soon as again markets turns into carry trade and US goes down, Fed cuted its discount rate cut 0.5% last week and it means that FOMC is preparing itself to cut its interest rate in as early as early september, so it will again pushe US down further

any idea regarding of that?

Dear FF members,


Newbie's opinion

NU can reach these level

1st Target: 0.7244


THIS IS NOT A TRADE RECOMMENDATION, JUST AN ANALYSIS

what do u think is the confirmation to go long nzd/usd?

http://1-imagehost.com/pict/1107363046e60d3ee9977.jpg