Discussion in 'Forex' started by TradingWise, Apr 12, 2006.

  1. The weekly charts indicate it oversold. Not really a good time to short in my opinion.
  2. I agree with the short. I also agree with the oversold assessment. However, NZ is a disaster economically at the moment, where the RBZ went too far on rates and needs to cut in order to release a stranglehold on the country financially, but they're caught between rising energy prices and a failing economy.

    I think there's a lot of ground to cover on the down side. The only thing helping the NZD at this standpoint is a well needed correction in AUD/NZD.

    PS - there's an entire NZD thread in this forum.