Disliked{quote} yes true..may be if analysis correct...it should go as per my chart {image}Ignored
Attached Image (click to enlarge)
- #5,466
- May 30, 2014 11:56am May 30, 2014 11:56am
NZD 10 year yield is going down, while the NZD USD is pulling back on the down move. Not going to last, ATM just a short term move. {image}
we're in the same camp..
Forex as Leverage
- #5,471
- Jun 1, 2014 10:50am Jun 1, 2014 10:50am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
0.83xx
http://tvnz.co.nz/business-news/nz-d...-hikes-5986326
In trading, you have to be defensive and aggressive at the same time
{quote} The kiwi may remain under pressure until the upcoming Reserve Bank monetary policy statement on June 12 which is expected to provide a clearer track on the future interest rate http://tvnz.co.nz/business-news/nz-d...-hikes-5986326
Forex as Leverage
China’s Manufacturing PMIs showed of 50.8 reading beating estimates 50.7 and increased from 50.4 last month. With this data, the NZDUSD and AUDUSD high likely open gap high and tradearound 0.8500 – 0.8530 level and 0.9320 – 30 level respectively.
Ideally, if the NZDUSD traded around 0.8510 (which is also the double top resistance), it would be the besthttp://cdncache-a.akamaihd.net/items...rrow-10x10.png situation to short the NZDUSD.
With the divergence view of AUDUSD & NZDUSD is well supported by the charting of AUDNZD where daily chart broke through Feb-14 & Dec’13 high and set a tone towards 1.1100 level again.
Previously, I recommended a LONG position expecting to retest 0.8600 – 0.8620 level, only to find it hitting 0.8570 highest. Given that 0.8500 has been breached, and the closing is below 0.8520 last Friday, it could indicates more bears waiting to enter the market at 0.8500 – 0.8520 level.
Here's my reasoning with technical analysis: http://alternateforexiew.wordpress.c...hat-to-expect/
Cheers
Ideally, if the NZDUSD traded around 0.8510 (which is also the double top resistance), it would be the besthttp://cdncache-a.akamaihd.net/items...rrow-10x10.png situation to short the NZDUSD.
With the divergence view of AUDUSD & NZDUSD is well supported by the charting of AUDNZD where daily chart broke through Feb-14 & Dec’13 high and set a tone towards 1.1100 level again.
Previously, I recommended a LONG position expecting to retest 0.8600 – 0.8620 level, only to find it hitting 0.8570 highest. Given that 0.8500 has been breached, and the closing is below 0.8520 last Friday, it could indicates more bears waiting to enter the market at 0.8500 – 0.8520 level.
Here's my reasoning with technical analysis: http://alternateforexiew.wordpress.c...hat-to-expect/
Cheers
Knowledge is powerful tool that we can ever have.
- #5,480
- Jun 2, 2014 4:10am Jun 2, 2014 4:10am
- Joined Aug 2013 | Status: Trader | 4,895 Posts
Pride always comes before destruction.... -Proverbs 16:18