crncy
Long

AudNzd long term, IH&S, s&d.

FX:AUDNZD   Australian Dollar/New Zealand Dollar
1068 15 32
selfexpl
Comment:
snapshot
Comment: Im long according to S&D strategy! Inverted H&S idea is additional (Another point of reference).
Do you have the foundamntaly arguments to reverse the trend which lasts from 2011 - as you can see with your same idea ...?
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crncy PRO Grzegorz_G
RBNZ have a reason to loosen up, imo. We'll see ...
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Aud monetary policy minutes early next week. seems like a good time for that chart to kick off.
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The central bank left rates at 2.25 percent, Bond yield reaction likely shows that the markets were expecting further cuts soon.
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RBNZ*
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Oak crncy
I'm still an amateur. To be honest, The monetary minutes can show that cuts are likely and cause the aussie to drop. Only for Risk off to kick in which would cause gold prices to jump up and indirectly cause the aussie to as well. I can think of 20 or so ways for it to happen . Don't know enough to say which is most likely.
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As u can see in the picture there are always pullbacks. But, in the longterm, i think NZD is overvalued. My risk is close below 0.993. Good luck to you.
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@Grzegorz_G Check out xauusd. Timing of its decline might be of use.
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Thanks for ur insight.
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snapshot


Good luck
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Lovely...Take a look at my chart again and take your time to figure it out when my idea will be wrong.
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so long term lol
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crncy PRO jpvil123
take a deep breath...
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...
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crncy PRO jpvil123
OK im glad u calm down, whats so funny mr?
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