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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)

Sunday, November 7, 2010

NZD/USD---Will it hit 0.8250 near terms ?

Upcoming Event/News ---       NZD- Reserve Bank of New Zealand Financial Stability Report, an assessment on current and future economic conditions and inflation, Tues., Nov. 9, 4:00 pm, ET.

It would be interesting to see if expectations of rising inflationary pressures were the reason why the RBNZ officials kept the door open to a potential hike at their December meeting or into Q1 2011.


The following are driving force for the Nzd..:-

    • Q3 jobs report beat boosts NZD
    • Hawkish RBNZ comments feed rate increase expectations, as FinMin English expects higher GDP (3%), rates could go from current 3% to 3.50-3.75%
    H4 Chart NZD/USD
    Daily Chart NZD/USD
    Technically, Nzd/Usd is bullish on longer term(in line with strong fundamentals) but may retrace slightly to near 0.7875(S2) and 0.7839 near term.
    So Buying up (Long) on dips is the best Strategy for this currency Pair. Lifting Above 0.7990 may expose 0.8225  level which will be the 3 Year peak.
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