Hello Jake…
Yes, this pair could move higher… There is also NZD weakness at the moment, which is also what is helping
AUD/NZD to the upside…
Governor Stevens said that he does not understand why AUD$ is so high, even though there has not been
any mention of rate hikes from him and the RBA for a while…Also, he does not see currency intervention
on the AUD$ as necessary…
The result? The AUD/NZD edging higher:
i’m short at 1.0590 - technical only. have to wait n see what today brings - may be I get stopped out - may be I get a little profit – or the boring - it may just sit there for awhile. I also think a long is in order pretty soon – I’m just hoping not yet 
Hi PipMeHappy, still long? Where do you think will be the next resistance?
Yes, I am still long…now put in place a trailing stop …
My target is far, far away, but I will keep an eye on this trade…
Cheers
That trade closed at +160 pips; the second one closed at +3 pips; the third one went to about -100 pips but is now at -60 as the NZD is dropping hard…
Well, Aud/Nzd looks ripe to continue on its slow-but-sure journey higher, defeating all fundamental logic (what with the RBNZ being the most hawkish central bank in the G10)!
With the bounce happening off the 100 moving average and at oversold (RSI) territory, and from a major price level, the pair looks set to go quite a bit higher…
NB: the attached shows a daily chart for the pair.
Good morning!
AUD/NZD recovery, as expected, is under way, with
about 65 pips up in the last few hours, as per 1h chart screenshot below:
Helped by RBNZ’s Gov. Wheeler’s comments on a too-high Kiwi Dollar last night, the AUD/NZD continued its push higher off the 100-day moving average, regaining the 1.10 level; here is the daily chart:
Price closed at 1.1135 last week;
with the Sydney session opening the trading week in half an hour,
where will this pair (AUD/NZD) go? Will it gap up/down and/or have
an initial rally, and in which direction?
Stopped out of my long as the pair gained and then lost the 1.1200 level; P/L is -63 pips. I may re-enter but will wait for confirmation of further bullishness:
The long-term outlook for me is still to the upside, although my NZD-short bias is now leaning more toward investing on a NZD/JPY short.
Ps: the trade before the above one closed at +114 pips, so I am happy…I am Pipme-happy!!
Hello traders!
As posted on another thread, I ‘predicted’ that AUD/NZD would possibly return back down to trendline level near 1.100, before possibly pushing to higher highs: indeed, this is what has come to pass, in part, as the pair has come down hard and is now looking to test the 100-day moving average before a possible push higher…
Its counterpart, the New Zealand dollar, has been suffering from overdone interest rate speculation, and could lose more footing as we drive toward the end of the year with no sign of further hikes from the RBNZ…
This pair is still a slow but strong trender for me, so I will keep following it (although not trading it at present).
And…bounce back it did!!!
Up at 1.1050…
After yet more getting stopped out on NZD/JPY,
I thought ‘f**k it’ and opened long
(four positions) on AUD/NZD…
Currently up by a combined total of 81 pips…
Life is good
