Go Back   BabyPips.com Forex Forum > Main Discussion > The Analyst Arena
New Zealand Dollar at Down 13 Figures Since End of July New Zealand Dollar at Down 13 Figures Since End of July
Register FAQ Members List Calendar Search Today's Posts Mark Forums Read Chat Room [3]
The Analyst Arena Technical and fundamental analysis from various sources. Here you can get different perspectives on the markets through the eyes of different analysts. Also, go to the School of Pipsology and find out what kind of trader you are.

Welcome to the BabyPips.com forum!

You are currently viewing our boards as a guest which allows you to view the discussions, but prevents you from contributing. By joining our FREE community you will be able to do all of the following:

  • Post topics & responses to other discussions
  • Communicate privately with other members (PM)
  • Respond to polls
  • Upload content
  • Post comments on our blogs
  • Contribute on our Forexpedia

Registration is fast, simple and absolutely free so please, join our community today!

If you have any problems with the registration process or your account login, please contact us.


Reply
 
LinkBack Thread Tools Display Modes
  #1 (permalink)  
Old 08-16-2007, 10:10 AM
DailyFx's Avatar
FX Analyst
FX-Men Honorary Member
  

Join Date: Jan 2007
Posts: 10,134
Default New Zealand Dollar at Down 13 Figures Since End of July
Commentary: Kiwi is in a similar situation (compared to Aussie). The next potential support level is the 3/6 low of .6719. The extent of the decline from .7701 leaves little doubt that wave 3 is in progress. The good news is that this is wave 3 of larger wave 1. Therefore, we should see a decent sized retracement in the coming weeks in order to position for the next big leg lower.

Near term, the decline is subdividing but a short term bottom should occur soon. A rally to .7201 offers an opportunity get bearish.

Strategy: Flat
Reply With Quote
Reply



« Previous Thread | Next Thread »
Thread Tools
Display Modes
Linear Mode Linear Mode

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On
Forum Jump


All times are GMT -4. The time now is 06:27 AM.
Content Relevant URLs by vBSEO 3.2.0
"If we all did things we are capable of doing, we would literally astound ourselves."
Thomas Edison