Whats left for NZD ?

What is there for NZD.

Kiwi is even under the pressure against USD. Analysts predict the NZDUSD rate to be at 0.65 - 0.73 range by the year end.
NZD has to start cutting rates due to significant slowdon in their ecconomy. acctualy there are many indicators saying that it is best time to sell nzd especially against AUD due to the fact that aussie is a commodity currency, which is being favoured recently plus it acctualy will be soon borrowed at higher rates, as boa signalled on tuesday i believe

Talking fundamentals, nzdusd is in a nice down chanal with resistance at 0.7830-50 so it was great opportunity to short it.
The resistance in this chanal is at 0.7350 at the moment.

Talking models, the interests rates differential models and premiums on options crearly indicate that investors are seeing nzd lower. Futures also indicate the same scenario.

Now the question is against what should you short it?
I think AUD is the best choice. USD would be my second choice (only if coming data is strong)

so I say sell at 0.7770
SL above 0.7850
TP at 0.74 area

now just calculate simmilar for aud and its done.

Fundamentals aside, NZD/USD is in an uptrend on a monthly chart. I honestly don't know how far it will drop, before it resumes it's uptrend. NZD interest is still higher than the US, even if they cut rates, so people still make swap off NZD. Probably favor shorts at the moment, until you see clear sign of resuming the uptrend.

Hope you didn't short.

Keep an eye on the nzd/usd today, overnight the aud dropped quite a bit, but the nzd has yet to follow, if you look at the daily chart, it is possible for a lower top in downtrend channel, look to short if anything usd positive comes out in the next day or so.

Nzd/Jpy 82.45, then 83.78 imvho