the KIWI (New Zealand Dollar

I’ve been watching this set up for a while … if your a currency trader, this has the real potential to be a powerful trade going LONG KIWI vs the “mighty” USD.  Some things to consider:

  • the KIWI is not part of the US Dollar Index.
    • So, while the dollar index explodes …it really doesn’t have anything to do w/ the INDEX of the US Dollar.
    • In fact, you’ll see that the KIWI has yet to even retrace .382 of the entire 2000-2011 advance.
      • Compare that to the USD vs EURO/Pound/Aussie/Loonie/Yen and you’ll understand that it’s showing remarkable strength.
    • Take note, however, a the potential EPIC double top in place.  I am very aware of that but right now, w/ the dollar index being so very overbought and at an extreme in sentiment, I expect (over the coming days) for the dollar to be sold on a broad basis.  Hence, KIWI to rise against the dollar …
    • My take is we have a FLAT correction completing and if I can count 5 clear waves down then we might have bottomed …
  • To the charts:

Long Term Monthly KIWI vs USD:


Weekly KIWI vs USD:


Daily KIWI vs USD


Keep this one on your radar screen ….




Author: BART

BART is a CMT and an expert a "advanced" pattern recognition used w/in the intermarket analysis discipline. He's also an accomplished Business Development Executive providing solutions to a myriad of business markets.

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