FX:NZDUSD   New Zealand Dollar/U.S. Dollar
37 0 3
a year ago
I am considering a long position if the pair break 0.6850 on the daily close. I will then set a buy order for a retest of 0.6850. Target at closest level of resistance 0.7300. I am going to place a tight stop at 0.6750 and also set an alert for a daily close back below 0.6850. This will give me a 1:4.5 risk reward.

Fundamentally I think now that the rate hike is complete the US will not necessarily find enough supportive data for more than one rate hike in 2016 which will disappoint the theory of gradual increases over the next year which should really keep the dollar supported. If China steadily grows then there is no real reason for RBNZ to weaken their currency to make exports more appealing.
a year ago
Order cancelled: I will now look for buying opportunities around the rising trend line, likely to be around 0.6650 and this coming Friday with the NFP & Unemployment data.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out