FX:NZDUSD   New Zealand Dollar / U.S. Dollar
249 4 10
The market showed a piece of over reaction yesterday after the rate statement from RBNZ, but we really didn't do anything than go up to sell from better levels. What do we think can bring NZD above fair value? (probably need a rate hike) This is how I look at it. We only tested the highs again by means of a nice spike that might have taken out some traders that went in short before structure confirmed it. I'm not saying it can't go higher because I've seen many things over the year that don't make sense. 'The market priced in the 25bp cut already? That is nonsense when it comes to an explanation. This might be nice for the newspapers but if it is already priced in why go against what you already priced in without any change of what you already priced in? Exactly no reason besides sell at better levels. So what is the plan? Same as always lets wait for the first impulse which might currently be in progress and sell the continuation. Just a note we are trading below last weeks highs at the moment (0.72560) and I like to see a close below this level this week as well. This way market dynamic also points us in the direction of a bearish momentum to be next. The RBNZ will follow;-)

Updates will follow:


www. facebook             .com/wwwtimstuytscom/
Ive seen this happen with nzd rate cuts before at it baffled me the first time i saw it . NZD is a strong currency with great interest rates , cutting as they have would not weaken the currency immediately , IMO it will be a slow path back to 70 then 69 , but any poor US data and this thing will rally .
+1 Reply
TimStuyts Delilasdad
The difference with before is that we see the housing market finally respond and the fact that RBNZ wants and needs a weaker currency as well. That's the difference between qualitative and quantitative data. But let structure confirm it and we will be fine either way.
I'm in. Looks like a great set up
+1 Reply
TimStuyts RJHumphries
I agree, let's have some fun with it! Good trading to you
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out