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Disclaimer: This is my personal Blog, reflecting my very own views on Forex , shares and commodity tradings. As such, all informations provided here are barely for information purposes only,. The author should not be held liable for any errors, incomplete information, delayed messages, or for any actions taken in reliance on information contained herein.This blog is new, being established on 06,May.2010. While I am executing trades, posting will be sent simultaneously. The date/Time indicated here is of US Pacific zone(++15 Hours for Singapore/KL/Beijing, Or ++7 hours GMT)

Wednesday, June 30, 2010

NZD---- A new DARLING for Traders ??

NZD/USD continues its Downward journey since this week's market opening, curving  out a BEAUTIFUL Triple Tops an Both H1  and H4 Charts.  A Drop of  almost 340 pips(from 0.7140 to 0.6812 till now),please refer the below Postings from this blog:--

http://millionaireclub88.blogspot.com/2010/06/nzdusd-trade-call-of-week-triple-tops.html

http://millionaireclub88.blogspot.com/2010/06/nzdusd-review-on-its-beautiful-triple.html

In general, NZ government is expected to enforce more convincing  Fiscal policies  to strengthen the economic health of the country. Its effect  from her recent RATE revision has diminished. 

Structurally, the NZD shall be further weakened from now on , unless Investors are happy to see more actions from her Governing Master.

Breaking the important next Support at 0.6770 Convincingly   may send this currency pair NZD/USD knocking the door at 0.6570 !


The H4 Chart below:--




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