Happy Corner: Kiwi (NZD) pairs

[buster48]

Had a look at the AUD/NZD we mentioned,quite interesting really as you can definetly see a nice downtrend over quite a while on the pair ,may be worth a long term short what do you recon Happypip ?

[lwchiet]

How far do you think AUDNZD will drop? to 1.24? As AUD is receiving bad news and i foresee more to come.

[buster48]

Well I see next reistance is 1.2316 but who knows ,I dont see any real reason for it to go up,saying that I see stochastic is on oversold on the daily ,what do you think Happypip?

[digitalgypsy]

Well I see next reistance is 1.2316 but who knows ,I dont see any real reason for it to go up,saying that I see stochastic is on oversold on the daily ,what do you think Happypip?

If we close where we are now or lower we will have broken below a 4-year rising trend line support and it would be an inside bar break lower. I'd look for a retest of the rising trend line as resistance...a rejection here and Im short :-)

[happypip]

Will the Kiwi bounce back up this week? NZD/USD is currently moving inside a falling channel on it's 4-hour time frame and it just bounced from the bottom. However, stochastic is in the overbought region, suggesting that Kiwi bears could push this pair lower later on.

[buster48]

same as with the AUD,with the woes of the Eurozone and china slowdown its not looking good for the kiwi,dont forget tonights trade balance figures out of NZ which could be a mover for the pair.

[happypip]

same as with the AUD,with the woes of the Eurozone and china slowdown its not looking good for the kiwi,dont forget tonights trade balance figures out of NZ which could be a mover for the pair.

I agree with you, mate! As long as this risk off environment lasts for the next few days, we just might see a strong Kiwi selloff. I'll keep an eye out for those trade balance figures for sure though!

[ForexMindGames]

Hi traders,

I thought i post something interesting for us to discuss.

What are your reactions on this chart?

[buster48]

Hi traders,

I thought i post something interesting for us to discuss.

What are your reactions on this chart?

All interesting stuff and a nice picture of a butterfly thrown in

[happypip]

If you’ve been watching the comdolls as close as I have, then you should know that NZD/USD has been on a 150-pip range since early September. With Stochastic nearly in the oversold region though, the Kiwi bulls may soon target the .8350 range resistance. What do you think?