Monday, June 17, 2013

New Zealand Kiwi Dollar Market Update, Outlook and Forecast.

A market update on the potential Kiwi long against the Dollar trade that I have been stalking. This is a simple chart play. It is not a given. But, we are now in a place where speculative I would expect the third wave to begin if this is a bullish move in the Kiwi against the dollar.  Here is the chart:

I have put the various entry lines on the chart to show the breakout and thesis levels. This move would be consistent with a breakout in the gold miners, which is another trade I have been stalking. 

Peace, Om,