ForceFollower
Long

The Kiwi in Action Reaction Momentum

CME:N61!   NEW ZEALAND DOLLAR FUTURES
80 4 1
Still the strongest major currency in a clear up trend. The official cash rate of RBNZ has been held at 2.75% since March 13th, 2014 (after the .25 pp rate hike), which keeps the investors interested in NZD. The best FX bets in favour of NZD would be against the JPY, USD and the CAD.
motleifaul
2 years ago
As the price is very close to the medium line of the pitchfork and has a good way up behind I rather look for a chance to short.
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ForceFollower motleifaul
2 years ago
Sure, but in case price wanted to go higher, wait for some signs of weakness.
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motleifaul
2 years ago
I just took the profit of half of my short position published here:
NZDUSD
.
Due to your chart we could expect a very much deeper decline, but I think that it may find its halt at the top of mid January, i.e. around 0.84. Let's see.
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ForceFollower motleifaul
2 years ago
Well done! I admit the NZD has been much weaker than I'd expected.
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