NZD/USD

previous resistance

News & Fact:
The rate rise to $0.8304 vs $0.8251 to mark a new post-float high as largely positive local data...

Full Fact at:
http://www.boonchan.com/index.php/ma...ark-a-new-high

Portfolio updates:
Long 0.7300 and 0.7495 for more than a month.

Still holding my two Long NZD at it is (as posted in my thread - Aud/Usd for informed traders).

Short 8320 targeting 8250. too far too fast, but who knows today...

NZD rate hikes IMPACT with 65 bps - 65/35 probability..

"Market has slightly raised its expectations for rate hikes with 65 bps of hike factored for the next one year up 4 bps from yesterday..."


Source from:

http://www.boonchan.com/index.php/ma...35-probability

the Kiwi holds its gains above US$0.8300, and if it's not a false peak, it could push to a minimum of US$0.8400 in the next 24 to 48 hours. It's hard to say how high you can go when you are in blue sky country,

Light liquidity is also playing a role, and with Canada and Hong Kong on holiday Friday and the U.S. on holiday Monday, it's not going to help liquidity.

a positive business confidence survey from the National Bank of New Zealand is also supporting the New Zealand dollar. The National Bank of New Zealand's business outlook survey showed a net 46.5% of respondents expect conditions to improve over the next 12 months, compared with a net 38.3% that had expected an improvement in the previous survey in May.

Can the Kiwi go to 1.75 v pound?Any thoughts

Sure, UK economy is in worse shape than NZ
and expectations of rising rates in UK are falling and falling

Im waiting for a 08 style snap back to get out of it from shorting kiwi at 40p and 46p or should i say praying.Only thing worked for me this year
has been the metals...good old Ag

Hi, these posts are very helpful, does anyone know why the AUD/USD and NZD/USD kind of have similar moves? When one goes up the other goes up as well. Thanks for any info.

http://lcchong.files.wordpress.com/2...ng?w=877&h=398

http://lcchong.files.wordpress.com/2...ng?w=877&h=396

http://lcchong.files.wordpress.com/2...ng?w=877&h=396

AUD/USD and NZD/USD are commodity pair.

http://forum.etoro.com/topic-t829.ht...4d2175eb#p3164

http://forum.etoro.com/topic-t829.ht...4d2175eb#p3165

From my perspective the Kiwi really has no foundation nor the right to be as high as it is against the U.S., I finally found the reason and power behind its support and movement.
http://www.foxnews.com/leisure/2011/...-connoisseurs/

Governor Alan Bollard concluded in the last MPS that the Feb. 22 quake had a smaller and more localised impact on the economy than feared. He's betting it will help drive the rebound in growth in the second half of this year, with GDP speeding to 1.2 per cent in the fourth quarter.

http://www.nzherald.co.nz/economy/ne...ectid=10736202

hopefully interest rate will be raised again to 3% soon this year. i am pretty bullish on NZD for a long term and quite bearish on AUD for short term

I'm shorting the NZDUSD until the weekly pivot.

Reasons:
-Rule that most currency most of the time hit their weekly pivot (tp see graph)
-USD is gaining strength on the hourly while nzd is weakening (currency strength see graph)
-simple Fibonacci retracement expected

Enjoy trading !!

awaiting the last 40 pips

http://lcchong.files.wordpress.com/2...ng?w=877&h=398

http://lcchong.files.wordpress.com/2...ng?w=877&h=397

http://lcchong.files.wordpress.com/2...ng?w=877&h=397

Hi clc4x,
I like the look of your charts & that system. Hope you don't mind me asking, but where can I find the indicators you are using?

GLT,
John

Short at 0.82773, S/L at 0.83760

http://lcchong.files.wordpress.com/2...ng?w=877&h=397