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Thread: Nzd/usd

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    Default Nzd/usd

    Any ideas for this pair?

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    Hello....
    This pair actually not so profitable. As far as concernt, bcoz of lack of news and signal about this pair, most forex trader try to avoid trading for this pair.

    Anyway, we have New Zealand interest rate statement coming out. There is about a 50/50 chance that New Zealand will either raise interest rates to 7.75%, or keep it unchanged at 7.50%. If they raise the rate to 7.75%, NZD/USD may possibly go up by 50 pips or more in the first hour of the report. If they keep the rate unchanged at 7.50%, NZD/USD may possibly go down by 50 pips or more in the first hour of the report. I wouldn't be too carried away by this trade, and would take my profits rather sooner than later. Remember, if they hike to 7.75%, it would probably be the last hike in the next while, and since NZD is so overbought right now, some players will want to take their profits, and drive the pair down. Same with 7.50%. If they don't hike, that means that they could hike next month, so NZD/USD may only go down so much, before the bulls decide to buy it at a better price. Be reasonable on this one, dont' be carried away, just because its a highly anticipated interest rate statement.

    thanks

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    Default

    For the consequences, we have New Zealand trade balance coming out.

    What i understood, the exports are expected to surge, and cover the negative territory of trade balance for the most part, so it's expected to come out, close to 0. If the trade balance comes out at -1 billion or more negative, it would mean that most likely the exports suffered greatly, and NZD/USD may possibly go down by 30 pips or more in the first hour of the report.
    Let say, if the trade balance comes out, showing a surplus of +700 million or greater, it would be the highest trade balance reading in many years, and NZD/USD may possibly go up by 30 pips or more in the first hour of the report. The way this report moves will largely depend on what happened with the interest rate statement, and where the price is at before the report.
    I may personally use less conservative triggers, based on that information.
    That all for today...

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    Default

    I don't know why u say nzd/usd is not profitable. This pair have highest interest rate. Pair that always in favor for carry trade and not too volatile. Well it doesnt matter but nzd/usd nzd/jpy all are good.

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    Default

    2-5-2007
    nzd/usd 0.7373
    stil make resistance 0.7373 i think

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    7-5-2007
    NZD/USD .7365
    Buy 2 units on stop .7409, stop loss .7361
    Buy 2 units on stop .7429, stop loss .7381
    Short 2 units .7341, stop loss .7389

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    Default

    9-05-2007
    nzd/usd 0.7358
    can raise to 0.7425 next week i think

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    PIVOT POINT

    Summary Table
    NZD/USD 12:00 GMT

    Period
    H L C S3 S2 S1 P R1 R2 R3

    Daily
    0.7345 0.7249 0.7338 0.7180 0.7215 0.7276 0.7311 0.7372 0.7407 0.7468

    4 Hours
    0.7394 0.7364 0.7382 0.7336 0.7350 0.7366 0.7380 0.7396 0.7410 0.7426

    Hourly
    0.7388 0.7378 0.7385 0.7369 0.7374 0.7379 0.7384 0.7389 0.7394 0.7399

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    Default

    I have to compress it in rar.

    Well If you want to see download it
    Attached Files Attached Files

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    22 May NZD/USD Daily

    23:54 GMT - No change, with prices balanced above the .7262 weekly lowof 18 May. Further sideways trade is looked for, as intraday studies turn mixed, but the underlying NZD tone is heavy, with a later break looked for, targeting .7248/53. Still deeper lossesshould follow. Resistance remains strong up to .7342.

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    updated

    22 May NZD/USD Daily

    05:29 GMT - Oversold intraday studies are beginning to unwind, with prices settling above the .7262/71 support area. The underlying bias remains lower, however, with a later break looked for, targeting .7248/53 ahead of .7200. Resistance remains at the .7318/19 highs, but a test and break to .7342 is not expected.

  12. #12
    kanzsea
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    any one have idia about this pair

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    Default Range for NZD/USD

    R4 0.7780 Benchmark - 8.00
    R3 0.7750
    R2 0.7700 1 Week - 8.000
    R1 0.7681 Weak 6/22 Intra-day high 1 Month - 8.210

    S1 0.7490 Medium 6/15 Low 3 Month - 8.360
    S2 0.7250 Weak 4/18 High 6 Month - 8.460
    S3 0.7086 Medium 5/11 Low 9 Month - n/a
    S4 0.6928 Medium 3/14 Low 1 Year - 8.438

    Looking at the rally from .7237, it is possible that Kiwi is just now entering a third of a third wave that could see the pair test .7848-.8093 in the next couple of weeks (this is the 100%-161.8% of .7237-.7637/.7452). The alternate count is that an ending diagonal from .7237 is close to complete and that a decline will begin soon. Remaining above .7571 keeps the former count favored.

    Strategy: Bullish now (breakout), against .7571, target TBD (above .8000)

    Happy Tradingsm_smile

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    NZD/USD: As long as .7841 holds back any further upside, this pair should be in for a strong move DOWN. If that level is broken, then it could get consolidative before it makes its move. There is plenty of room for this pair DOWN, and the indicators are showing the UP is getting tired. I would look for this pair to eventually reach .7725, then if there is a daily candle that finishes under it, then .7622 could be the next stop. After that, it is a matter of being flat to see what kiwi wants to do after that. The key point to start the week is to watch for a reaction around .7841.

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    Daily Pivot Points Summary

    NZDUSD 0.7828 0.7713 0.7821 0.7633 0.7673 0.7747 0.7788 0.7862 0.7902 0.7976 10:00 GMT

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