NZD/USD

continuous dropping for last week US data but some rises from AUS data (not strong enough).
NZD/AUD = 0.8922

comparing with others 7 currencies (USD,EUR,JPY,GBP,AUS,CAD and CHF) all are negative in % change.
So whenever NZD/USD is about 0.783x (or more) or NZD/AUS is more than 0.897x, sell NZD and wait for lower (similar current level) to buy NZD back.

Today 1hr chart looks like 29sep2014(mon).
I am not sure, will it continue the similar pattern?

NZD/USD look like creating redistribution pattern.. may bring lower price when it complete (support breach)

look like repeat the last week cycle for 1hour chart.
a bit compress version and also a bit pulling up
up 50 points comparing (e.g. 1hour chart : HKT now=11:00 7OCT2014 to HKT last week=19:00 30SEP2014).

NZDUSD likely to re-test 0.7900 soon.

I sell bits of NZD now.
at HKT 3:10pm-3:20pm can NZD/USD pass today max 0.7864?
(type at HKT15:22) cannot pass the MAX 0.7864

Now, typing at HKT15:26, for 1hr candle chart, comparing now:candle HKT15:00 7OCT2014 to the candle HKT22:00 30SEP2014
as I said before : some compressions happen today already and continuously happens, may have some overlapping occurs for near future.

I have checked the today max 0.78649 but just got the peak is 0.78648 (only 0.00001 difference)

still in zone at high point 0.7926.
when rally cannot hold last support at 0.7794, that would something like add more supply to this zone.

If continuous ( repeating cycle) happening,
the next chance is tomorrow corresponding time candle to the candle HKT22:00 1OCT2014 ( 1hr candle chart).
will be after EUR trade balance periods?

Now, if continuous, maybe a compression for a combination candle by HKT22:00 and HKT23:00 this two candles.

The above chart : 1hr chart 29SEP2014-7OCT2014(now:HKT17:00 candle)
The repeating cycle is obvious.
Yellow circles marked the current (now:HKT17:00) comparing points for reference only.

I buy it back already now (0.7798)!

1hr candle chart : next hour candle (HKT18:00) or next two hours (HKT18:00/19:00) candles are the time to sell, only if more than 0.7842.
(current hour candle HKT17:00)

Sorry, I am wrong.

The above chart : 1hr chart 29SEP2014-8OCT2014

For 5min chart, now (HKT19:25) is in wave C.

Not supporting the bears until the pair sustains a break of 0.7860. Downside support of 0.7710 - 0.7700 becomes important.

Wow. NZD bulls are happy

Party time !


The above chart : 1 hour chart 29SEP2014-8OCT2014.
This 2 repeating cylces are near the end as the jobless claims are coming tonight (HKT20:30).

Time to load up more shorts.

This 9OCT2014 HKT morning max NZD/USD=0.79136

Good luck. I wouldn't do that, though. The trend is up now.

NZD/AUS=0.8959
which seems to a high value for this several days.