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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3119
Forum Topic:

Commodity FX (CAD AUD NZD NOK)

Discuss Commodity FX (CAD AUD NZD NOK)
 
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Lone Ranger
Vieux Fort, St Lucia
Posts: 94
13 years ago
May 27, 2011 2:32
AUDNZD forming a range 3050-3350 .. a break above 3130 needed to confirm run to 3200 pivot.. target 3350.. still short but considering lightening up below 3100..
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
May 26, 2011 16:59
Chloe buddy, that usdcad target zone still stands 9833 to 9851.
Rezz
Vancouver, Canada
Posts: 53
13 years ago
May 26, 2011 4:53
Going short NZDUSD at 0.8065, open tp. Might see some more spikes however as there was a newspaper article claiming Chinese wanting to buy $6B in NZ assets which cause the latest jump. Still NZD is too overvalued imho and i see it correct eventually to $0.77 in next few weeks
Lone Ranger
Vieux Fort, St Lucia
Posts: 94
13 years ago
May 26, 2011 1:42
AUDNZD in strong down trend medium term .. see sub 30 first before new highs.. but short term 33 definitely possible on speculation of rate increase in OZ in early June..
peterthepipeater
Auckland, New Zealand
Posts: 2
13 years ago
May 25, 2011 22:48
Just a quick thought on AUDNZD cross. I see 1.3190 as a major support level and a possible bounce back to 1.3310/30 zone if 1.0460/80 holds for AUD. And it seems to be firm for now. NZD is way too high given domestic factors. I do not think rate hike is possible anytime soon in NZ. And when market realized this we are back to low 0.7800s...
Rezz
Vancouver, Canada
Posts: 53
13 years ago
May 24, 2011 19:40
@Loneranger, you were right. thanks!
Lone Ranger
Vieux Fort, St Lucia
Posts: 94
13 years ago
May 24, 2011 0:01
can't see range in AUDNZD.. trend is down.. no support till 32.. probably will go below it too..
Rezz
Vancouver, Canada
Posts: 53
13 years ago
May 23, 2011 23:53
NZDUSD is lagging the Aussie down move, and AUDNZD looks a little oversold. I wouldnt be touching AUDUSD either way here, unless a retracement to 1.0570ish happens. Perhaps market is waiting for the New Zealand inflation report before the NZDUSD sells off tonight, to bring AUDNZD back to the middle of its recent trading range. Any thoughts?
Lone Ranger
Vieux Fort, St Lucia
Posts: 94
13 years ago
May 23, 2011 23:49
200-300 pip range trading galore.. take your pick.. buy bottom sell top with stops of 30-50pips.. say no more..
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
May 23, 2011 21:25
also looks like closing above the 100DMA if yer looking at MA's. DX 100 DMA has some sky to fill.
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