NZD/USD

Yes that must be the cause

hi Karpa where do we get this info sheet from cheers

I think the Uptrend has been finished, Now it is going towards Down!

it's www.xe.com

OMG! what just happen with NU? is it the news then? It went down at 0.6855 area and now at 0.6911 right now...I tried to get in at 0.6855 but my Mt4 platform wont let me in, lol. Who were able to get in at 0.6855 level all the way up?

Nice move in the NZD before CPI Q/Q.

Takes out the longs then rallies on the data .

Feeling is that NZD could be the one to go long against certain x pairs like AUD CAD GBP SGD

On the AUD Labor are ahead on the polls which doesn't go well for Australian outlook prospects.
They want to tax everything that moves rather than cut spending.
If the economy was dying under the LNP be sure that it will be decomposing under Labor

At this point in time NU can either go 50 to 60 pips up or down...
So I will stay on the sideline for now....
Which way it will go I will wait for it down there or up there...
I still got 0.6955 as my Sell limit...
I will buy it back if the price returns at 0.6855 area....
Trade safely friends!

Happy Monday everyone!

I'm out of long...waiting to buy on cheaper price...let see if the market will re-test 0.6855 area again, that is the only level am comfortable buying this pair again...are Sellers start selling now? currently at 0.6901...

Liza, the down move missed me by 3 pips. Then shot up to my tp... I'm pretty choked...

atleast you made out denden, took me out and when I went to recover with a buy....mt4 locked me out same as liza. ahhh cruel cruel game the market makers are playing!!​

Am shocked too Denden...lol ( I did not expect too much big move up and down this early, Asian session) NZD/USD called by many as one of the "Harmless Pair"...yet it can move erratically maybe because of the news, nice to know no one's account is getting slaughtered because of the sudden move, truly market behavior is deceiving! Please trade safely friends!

asgcorp ..you are entitled to your view....thats what makes a market.....

best

The other half of the equation it's pretty important here as well. As the FED continues to delay hiking, it can only lend itself to stronger kiwi. Rate decision is in the news this week for kiwi and the biggest impact would be for a surprise rate cut which would really drive it down. For what it's worth I expect retest of last week's highs so I'm long to that point and then setting up sell limits to 7000 and waiting for rate news. Without a rate cut from 7000 I would expect to pull back to support before moving higher on weaker US data. GodSpeed

Sorry but I misspoke rate statement is next week gdt is this week

I might be wrong but I still think the directional bias here is bearish, I have 2 Sell Limits waiting @ .69409, let see how it will play out.

Here's an interesting conversation between my heart and mind right now:

Heart: Did you see the white candle in H4 and H1 Liza?
Mind: Yes, I do...
Heart: So are you not going to continue buying it?
Mind: Nah, I will just stay in the sideline for now...observing the market
Heart: But you been dreaming of 0.7000 ever since...how can you not open buy position right now, everything is pointing North, your chart says it all...???
Mind: Yeah...yeah..I get it. Am almost tempted...but did you remember last year when we MC our account, everything looks bullish...but when I open buy position, the market suddenly pull the rags of beneath our feet, and we see our account falling in to Margin Call land, did you remember it? We cried so hard and our keyboard swimming with our own tears. And we promised to ourselves never to be so overconfident again...
Heart: But this time it's different...I do believe the price will hit 0.6955 area again...come on...just open buy position and I will shut up then....
Mind: Okay, I will open buy in our demo account but not in our live account, am confused with the market right now...so I can't decide wisely...
Heart: Oh no, not in demo....it's so boring!
Mind: Lol...so stubborn are you! Just leave me alone okay? You always got us in trouble too many times because I always listen to you! This time you just sit back and relax and I will managed our trades...
Heart: If you want to sell it at 0.6955 area...how will the price get there if you wont buy it first...?
Mind: Let the others buy it for me and I will just sell it later....hahaha
Heart: Hmmmp, you are so stubborn yourself! Do not blamed me if the price will go up with out you! It's gonna be your loss!
Mind: Shhhh...shut up will you! At least I lose nothing...there is always another opportunity to trade tomorrow, we should not hurry!
(The Heart is sulking in the corner, clearly annoyed,hahaha. Who will win, who is right in the end? The Heart or the Mind? Will see the ending later...lol)

anyone trading GBP NZD?

Why? Are you trading it asgcorp? What a nightmare!

Not trading this one. Yet NZDUSD is responding well to the proposed scenario.

I think this pair has found supply.

Let's see if we can get to 0.6844 today and then quite possibly 0.6777 much later.

Have fun guys.