Forum > View Topic (Hot-Chart)
by Ashraf Laidi
Posted: Jul 2, 2009 13:15
Comments: 108
View Hot-Chart
This thread was started in response to the Hot-Chart:

NZDUSD Eyes Sub-0.63

 
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GTNew
Arizona, United States
Posts: 33
15 years ago
Jul 12, 2009 23:13
Mojo,
Please email me: geezerog@gmail.com. Thx.
Mojo
United States
Posted Anonymously
15 years ago
Jul 12, 2009 22:46
@ Raulin:

I am inclined to agree with your assessment. The Kiwi Dollar short tempts me and yet I am not seeing a break below its comfort range/support (between 0.6390 and 0.6200) to pull the trigger. If breaks below, I am inclined to go short and hold till 0.5900.

Thanks and Best Regards,

Mojo.
raulin
UK
Posted Anonymously
15 years ago
Jul 12, 2009 22:36
Ashraf Intuitively with higher interest rate it looked as if aussie was appreciating more with equities rising than NZD BUT this does not seem to have been the case and if anything NZD was appreciating more hence it looked a better short when equities fall I struggle to explain why NZD should be doing better than aussie so I am staying away from shorts.
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jul 12, 2009 21:12
raulin, ive been saying repetitively that 1.2380, 1.2350 remain a target and support and each rebound towards the 1.250ss was a good shorting opportunity and i continue to think the same. The factor that could trigger a break below 1.23 will have to be more aggressive selling in global stocks (which takes more of a toll on the higher yielding AUD than NZD). 1.2230 remains a decent subsequ. target.

Ashraf
raulin
london, UK
Posts: 65
15 years ago
Jul 12, 2009 12:37
Hi Ashraf
I see AUD/NZD has fallen thro its 200 day SMA for first time since early Jan yet I cannot see it going below 78.6 retracement of current yrly lows at 1.2216. Arguably NZD has benefitted most from equity rises and should fall most ..What are your views on the pair?

kind regards
Raulin
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jul 10, 2009 20:01
alldy, depends what profit you're looking for and how much downside can you sustain?

Ashraf
alldy
Arizona scottsdale, United States
Posted Anonymously
15 years ago
Jul 10, 2009 17:21
at what point should I go long AUD and CAD vs the USD? Should I wait for AUD .75?
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jul 9, 2009 9:42
Ahmed, as i said before in the forum last night AUDUSD rebound seen capped at 0.7950s at which fresh shorts are seen towards 0.7660s but the declines wont be as violent as last summer/fall.

Wolf, still in downtrend in CAD, AUD and NZD. but we do have retracements as much as 150 pips. as i said, the declines in AUD will be less violent than last year but we could drop to as far as 0.766 and even 0.7480. Yes I did say Aussie remains a buy for long term, but only with very small scale (relative to your account) at this point.

Ashraf
Forexwolf
Auckland, New Zealand
Posts: 39
15 years ago
Jul 9, 2009 5:04
Hi Ashraf
How far do you see USDCAD, AUDUSD & NZDUSD still go from here (1.16265, 0.7806, 0.6264 now)?
Ahmed
Dubai, United Arab Emirates
Posted Anonymously
15 years ago
Jul 9, 2009 1:43
Greetings Ashraf,

I love reading your ideas here.

I see we're maintaining the Short AUDUSD theme for today/tomorrow. From the present level (0.7800 at this hour), what do you consider a viable target for a new AUDUSD short? 0.7700 or so? Lower?

Love to hear what you think.

Take care,

Ahmed.
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