Nzd/usd

From a purely technical analysis perspective, it looks like the NZDUSD pair has broken out of it's consolidation and resuming it's longterm downtrend.
 
Took me a while to find this thread, Kastro :)

Just shorted the hell out of NZD/USD for half a million units at .6445. Stop was at 6460, but now is moved down to break even. Target is .6380.
 
Quote from Ivanovich:

Took me a while to find this thread, Kastro :)

Just shorted the hell out of NZD/USD for half a million units at .6445. Stop was at 6460, but now is moved down to break even. Target is .6380.
More...

Dude,
Great trading - H+S's everywhere on that trade (Not to mention business confidence numbers that sucked for NZ) - f***. I missed it (had my eye on a gold long that never eventuated). I need to upgrade my home office and get myself a trading room like NASA's mission control to keep my eye on everything all at once. Ballsy to go short after it went up hard 60 pips, good stuff.
I think that you should be called the NZDSPeCIALISt after that trade btw.
 
No, there's only one specialist :)

Thanks for the compliments. I miss enter points all the time. It's impossible to watch everything at once. Fate smiled on me this morning as I logged on and went..."Wow! Wouldya look at that!"
 
This latest 100 pip move seems a little excessive for a mere hint that interest rates may increase in the future, particualrly when my understanding was that the RBNZ intended to keep the OCR at around 7.25% well into next year anyway.

I'll short when the buying relaxes a little further, over next 24 hours.

It seems that ~0.6550 is a reasonable resistance.
 
Long open @ 0.6545.

TP = up to 100+ points. Will collect interest round the clock in the meantime.

Looking forward to this one.

Iconoclast
 
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