AUDNZD

I haven't seen much more pathetic things than watching aud/nzd go up a few pips only to immediately get sent lower to new lows. This pair is hopeless on the long side. Not only is it completely illogical, but it won't last much longer.

I still remember EURCHF going south and going south etc. in uncharted territory in 2011. ...1,10, 1,05, 1,03, then 1,02, then it broke 1,01, until it vigorously rebounded just north of magical 1,00.

Since AUDNZD parity is currently price-action-wise guarded only by 1,01 barrier and we are also in uncharted territory, it is hard to believe, we wouldn't get in 1,00XX territory. Anything can happen there, though rebound is in my view more likely outcome - that being said i won't be trading it because of 1 reason. In last 25 years 1,05 was always a place of firm and continuous rebound. This time 1,05 seems decisively broken after many many tries and noone knows where the true, new bottom is now.

Why not parity?

Hello NZ traders

Well most my shorts hit an still in a few

my play was wait for the bounce an short down

thinking first try of 1.01 we will see some action:nerd:

With shut eye time an weary of loading into new shorts

No doubt should have loaded more shorts

still prefer taking the safer option

lets see if we get a bounce

guys, do you think the time has come to jump ,or we should wait for AUD cash rate?

charming

Wait for the cash rate

My forecast is it will be no rate cut and will rebounce and in a couple days it will start going down again

Technical+Fundamental=

AUDNZD just broke down, with a retest and a confirmation, a range it has been in since one week. I am in short.

im starting to build audnzd long position. Added 0,5lots @ 1.0084 and will add more if we fall further but i think NZ will intervene asap ..or do something


today we´r goin to have dairy auction results..wont be good for nzd i bet

Could you elaborate on that?

http://www.dailyfx.com/charts/tradingview

http://www.rba.gov.au/monetary-polic...015-04-07.html
I heard he said AUD is too high.

It may reach max for NZD/AUD (or already passed max.), please read my post on the forum NZD/USD.
Iron ore is still a problem to AUS and the GDT price index on 5May2015 make this form of a period.
And season-changing needs to buy oil (increase the storage for both countries : oil raises a bit) for their winter.
For me, it is very difficult as well (as different country people).

AUDNZD creeping again towards 1,0000. This time parity might be breached. Like a knife though butter.

Excellent analysis!!