Trade call : Long Aud/Nzd when it break out 1.31 level as a carry trade. Recent news of New zealand quake, we might see some kiwi dollars buyer for short term support.Nonetheless, i believe improving US economic data will boast this ccy pair.
Monday 26 December 2011
AUD/NZD - New 2012 carry trade.
Aud/Nzd been on my radar for while.. Technical charts show it bounced off for bottom -100 and piercing uptowards 0 value of the CCI indicator. (Cci explained http://www.iqchart.com/101/tech_cci.asp
Trade call : Long Aud/Nzd when it break out 1.31 level as a carry trade. Recent news of New zealand quake, we might see some kiwi dollars buyer for short term support.Nonetheless, i believe improving US economic data will boast this ccy pair.
Facts: Aud/Nzd been on a ascending channel since 2005. 2 major quakes in new zealander this year will dampen their GDP. Plus they import mostly from their neighbour Australia for almost everything excepts lamb chop ; )
Trade call : Long Aud/Nzd when it break out 1.31 level as a carry trade. Recent news of New zealand quake, we might see some kiwi dollars buyer for short term support.Nonetheless, i believe improving US economic data will boast this ccy pair.
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