Hello Sean, I do not understand the strength of Nzd when compared to Aud. is this because the interest rates are almost equal in both countries now? Otherwise this pair usually used to go up orvremain stable, now it just sinks. What’s the difference?
I am looking towards the day when RBNZ governor wheeler who is known for talking Nzd down will come and say that he will probably consider pegging Nzd to Aud at 1.25 or 1.30. That’s my prediction for long term
My prediction — day will come in near future, when Mr.Wheeler will talk of pegging Nzd to Aud and Aud/Nzd to a level of 1.25 to 1.30. That will bring the upswing back to the pair.
Two factors at play here George, solid real money demand out of China for the NZD and worsening sentiment towards the AUD. I’m sure it will stabilise soon but we could easily see 1.10 first imho
I believe that a positive nfp will lead to a test of .7700 and if it holds or the pair will slightly move(doubt that though) will be a good reason to enter long. Any opinion on this?
Gotta be worth a try at those levels Bogdan? Kiwi looks bid on all crosses at moment so buying nzdusd dips is worthwhile strategy until something changes
Hello Sean, I do not understand the strength of Nzd when compared to Aud. is this because the interest rates are almost equal in both countries now? Otherwise this pair usually used to go up orvremain stable, now it just sinks. What’s the difference?
I am looking towards the day when RBNZ governor wheeler who is known for talking Nzd down will come and say that he will probably consider pegging Nzd to Aud at 1.25 or 1.30. That’s my prediction for long term
My prediction — day will come in near future, when Mr.Wheeler will talk of pegging Nzd to Aud and Aud/Nzd to a level of 1.25 to 1.30. That will bring the upswing back to the pair.
Two factors at play here George, solid real money demand out of China for the NZD and worsening sentiment towards the AUD. I’m sure it will stabilise soon but we could easily see 1.10 first imho
Greetings, Sean! You can even apply reports COT, though they give mid signal, watch them be in dynamics. http://cottrader.com/analytics
Hi Sean,
I believe that a positive nfp will lead to a test of .7700 and if it holds or the pair will slightly move(doubt that though) will be a good reason to enter long. Any opinion on this?
Gotta be worth a try at those levels Bogdan? Kiwi looks bid on all crosses at moment so buying nzdusd dips is worthwhile strategy until something changes