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AUDNZD

  • #41
  • Dec 26, 2010 12:46am Dec 26, 2010 12:46am
Is there a good EA for trading this pair?
  • #42
  • Dec 30, 2010 8:08am Dec 30, 2010 8:08am
Quoting pangro
Good morning

I am short at 1,34200.Current trendline is unsustainable sooner or later to be tested and current price is streched far above 200 dma.This usually brings down this pair.
Hi all

I have decided to close this position (nice profit) and market is in the support area now.Wil watch for another short.
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  • #43
  • Dec 31, 2010 7:31am Dec 31, 2010 7:31am
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.
  • #44
  • Jan 27, 2011 7:56pm Jan 27, 2011 7:56pm
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,
  • #45
  • Jan 27, 2011 9:19pm Jan 27, 2011 9:19pm
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.
  • #46
  • Jan 28, 2011 12:50am Jan 28, 2011 12:50am
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
  • #47
  • Jan 28, 2011 1:15am Jan 28, 2011 1:15am
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.
  • #48
  • Feb 2, 2011 7:32pm Feb 2, 2011 7:32pm
Quoting pipoxy
...

I've taken a few long positions with 1.3000 as the target.
Target hit. Aussie did not disappoint
  • #49
  • Feb 24, 2011 8:12pm Feb 24, 2011 8:12pm
Any short this pair?

I just went short with SL @ 1.3524 and TP @ 1.3361 trading the 4H, 1H charts.

Any opinions?
All posts are my personal opinion
  • #50
  • Feb 24, 2011 8:31pm Feb 24, 2011 8:31pm
Post your charts and we'll discuss about it
  • #51
  • Feb 24, 2011 9:42pm Feb 24, 2011 9:42pm
Quoting Rtm
Any short this pair?

I just went short with SL @ 1.3524 and TP @ 1.3361 trading the 4H, 1H charts.

Any opinions?

Not me, at least not yet. I am on 4hr and its ranging.
  • #52
  • Feb 25, 2011 1:14am Feb 25, 2011 1:14am
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.
  • #53
  • Mar 3, 2011 3:22am Mar 3, 2011 3:22am
Quoting Firstfx
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.
Nice guess. Can you share with me your current view?
  • #54
  • Mar 4, 2011 9:51pm Mar 4, 2011 9:51pm
Quoting tkhlam
Nice guess. Can you share with me your current view?
Well the AUDNZD hit a high of 1.3766 this past week and closed at about 1.3727. The NZD interest rate decision is coming out on Wed March 9 at 3 pm EDT. The market is expecting a reduction of .25 from 3% to 2.75%. 1.3766 is very close to the top of an upper daily trendline that started July 2010. So after such a long run in the AUDNZD a short as close as possible to 1.3766 with a stop loss (maybe at 1.3830 to 50 or tighter depending on your risk level) would be a good bet. Eyeing a take profit at just above 1.3550.
  • #55
  • Apr 11, 2011 1:08am Apr 11, 2011 1:08am
BUY 0.100M AUD/NZD @ 1.34944, SL 1.34000 (94 pips), TP 1.37300 (236 pips) bullish ABCD pattern on 4H chart
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  • #56
  • Apr 14, 2011 2:01pm Apr 14, 2011 2:01pm
harmonic patterns
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  • #57
  • Sep 28, 2011 4:37pm Sep 28, 2011 4:37pm
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.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #58
  • Oct 25, 2011 12:15pm Oct 25, 2011 12:15pm
Distribution in progress

Small entry..sell 3097 sl 3135
Trader from Croatia
  • #59
  • Oct 25, 2011 10:44pm Oct 25, 2011 10:44pm
Quoting Geene
Distribution in progress

Small entry..sell 3097 sl 3135
TP 3014
Trader from Croatia
  • #60
  • Oct 25, 2011 11:14pm Oct 25, 2011 11:14pm
Quoting Geene
TP 3014
congrats, Geene. Why do you like trading AUD/NZD?

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....
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"If The Fool persists in his Folly he will become wise." - William Blake
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