Anybody who reads this post is gonna owe me beers...
Start shorting this piece of crap.....
recent run up for the lat 6 days is due to earth quake relief fund for the nzd. Look at the aud/nzd chart for the last 6 days, and look at the correlation between nzd/usd and aud/usd pairs but besides nzd/usd has gained a little more momentum each day compared to aud/usd. Also, go to www.eqc.govt.nz/ You will see the claims are almost done which accounts for the capitulation today. What I am getting at is.....money coming from the usa banks and euro banks either slide directly into aud or nzd....with the aud getting reverted to nzd in the end. Also go to finviz.com and look at aud futures you will notice pure commercial buying. I am not saying this is the top...but I am saying we are damn close....It could take a run at 1.0250 but I will bet hedge funds will be all over that....
Short this MUTHER #!*&#&
Start shorting this piece of crap.....
recent run up for the lat 6 days is due to earth quake relief fund for the nzd. Look at the aud/nzd chart for the last 6 days, and look at the correlation between nzd/usd and aud/usd pairs but besides nzd/usd has gained a little more momentum each day compared to aud/usd. Also, go to www.eqc.govt.nz/ You will see the claims are almost done which accounts for the capitulation today. What I am getting at is.....money coming from the usa banks and euro banks either slide directly into aud or nzd....with the aud getting reverted to nzd in the end. Also go to finviz.com and look at aud futures you will notice pure commercial buying. I am not saying this is the top...but I am saying we are damn close....It could take a run at 1.0250 but I will bet hedge funds will be all over that....
Short this MUTHER #!*&#&
Don't be fooled by randomness