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NZD/USD

  • #9,861
  • Aug 6, 2015 12:38am Aug 6, 2015 12:38am
Keith Woodford says 'big' is not always beautiful if you are 'small'. Here are his concerns
http://www.interest.co.nz/rural-news...e-his-concerns
  • #9,862
  • Aug 6, 2015 7:43am Aug 6, 2015 7:43am
http://www.babypips.com/blogs/pipono...-20150806.html
  • #9,863
  • Aug 6, 2015 11:43am Aug 6, 2015 11:43am
Quoting Ignat B.
NZD can go lower {image}
Yeah, got similar wave count to yours, going lower before the bounce.
Attached Image (click to enlarge)
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Elliott Wave for optimum entry, exit and risk management of trades
  • #9,864
  • Aug 6, 2015 12:44pm Aug 6, 2015 12:44pm
Quoting skyhok
{quote} Yeah, got similar wave count to yours, going lower before the bounce. {image}
I don't trade EW, but I pretty much agree with the overall picture.

NZDUSD trading in downtrend channel, redraws with a falled breakout last week. Since that high on the 29th of July it has maintained a sharp bearish pressure even with all fluctuations dropping another 250 pips. The most recent rise off of its lows yesterday can most directly be attributed to a retracement off a double bottom.

A 4-Hr close above .6550 and and Daily close above .6570 are needed to give the NZDUSD Bulls any strength. NZD Strength or USD Weakness....neither one of those seems like anything more than a flavor of the hour...

Won't be surprised if we break well clear of .6500 before the week is over especially with a positive NFP Friday Morning from the US.

We can continue trading along the trendline from July 29th and be right around .6520 when the report is released...or Asia/Oceanic/London will bring us under the lows of yesterday before then. That's how I see it playing out currently, as I said though bullish closes at the above levels gives you reason to update analysis dynamically.

Good luck everyone. Trade safe.
  • #9,865
  • Aug 9, 2015 1:28pm Aug 9, 2015 1:28pm
Possible Outcome?

[attach]1729349
Attached Image (click to enlarge)
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  • #9,866
  • Edited 8:31pm Aug 9, 2015 7:41pm | Edited 8:31pm
CEO Theo Spierings says "drastic changes" to Globaldairytrade may be required after price slump to below "sustainable levels:; calls grow for suspension of Globaldairytrade; fears mount on foreign buyers
http://www.interest.co.nz/rural-news...required-after

NZ dollar outlook: Kiwi may rise as traders await new impetus following declines
http://www.nzherald.co.nz/economy/ne...ectid=11494817
  • #9,867
  • Aug 10, 2015 1:25am Aug 10, 2015 1:25am
the dairy payout dropped from 5.50 odd to 3.80 per kilo wipeing 3 billion out of the economy on friday the solid energy announces that they are closeing the coal mines same day can someone please explain to me the reason why the nz dollar went up a 100 pips on the back of this news i am confused
  • #9,868
  • Aug 10, 2015 10:57pm Aug 10, 2015 10:57pm
Big 70 point drop already today engulfing yesterday's bar.
  • #9,869
  • Aug 11, 2015 8:33pm Aug 11, 2015 8:33pm
Boom

Down to 0.647
  • #9,870
  • Aug 11, 2015 9:48pm Aug 11, 2015 9:48pm
Quoting Mm8
the dairy payout dropped from 5.50 odd to 3.80 per kilo wipeing 3 billion out of the economy on friday the solid energy announces that they are closeing the coal mines same day can someone please explain to me the reason why the nz dollar went up a 100 pips on the back of this news i am confused
Atleast its dropped now.. Sometimes it just needs a bit of a rest, and sometimes it takes time for the market to really act/react.
  • #9,871
  • Aug 12, 2015 6:33am Aug 12, 2015 6:33am
That's a massive bar up today so far which has past 0.66 so I've opened a long here looking to get up towards 0.67
  • #9,872
  • Aug 12, 2015 7:09am Aug 12, 2015 7:09am
6650 ahead!!!
When Scalpers win, I lose and Vice varsa...
  • #9,873
  • Aug 13, 2015 5:03am Aug 13, 2015 5:03am
Seems that the NZDUSD failed to break the four-month old descending trend-channel, signaling 0.6500 re-test.
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  • #9,874
  • Aug 13, 2015 9:07pm Aug 13, 2015 9:07pm
will buy soon.
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  • #9,875
  • Aug 13, 2015 10:30pm Aug 13, 2015 10:30pm
Monetary Policy Challenge
http://www.rbnz.govt.nz/challenge/resources/

http://www.rbnz.govt.nz/challenge/re...s/2970616.html
  • #9,876
  • Edited 10:58pm Aug 13, 2015 10:47pm | Edited 10:58pm
Relaxing time before the next trading action :

Benje Patterson on 10 reasons why you shouldnt get your knickers in a twist over the sour outlook for the dairy sector
http://www.interest.co.nz/opinion/77...r-sour-outlook
  • #9,877
  • Aug 14, 2015 5:46am Aug 14, 2015 5:46am
Some good dairy news at last – signs of market rebound next week
https://www.agriland.ie/farming-news...und-next-week/
  • #9,878
  • Aug 14, 2015 6:36am Aug 14, 2015 6:36am
I'm already building some longs. Where is your Target - 0.67 or higher?
  • #9,879
  • Edited 3:31am Aug 17, 2015 2:52am | Edited 3:31am
Bank economists expect the price of whole milk powder to rise by as much as 10% at Wednesday morning's GlobalDairyTrade auction
http://www.interest.co.nz/rural-news...esday-mornings

NZ dollar little changed, may gain with dairy prices
http://www.scoop.co.nz/stories/BU150...iry-prices.htm
  • #9,880
  • Aug 17, 2015 1:44pm Aug 17, 2015 1:44pm
Reasonable sized bar up today engulfing the Friday bar.
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