{"id":57912,"date":"2011-03-29T10:47:40","date_gmt":"2011-03-28T23:47:40","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2011\/03\/29\/go-long-audnzd-says-techwizard\/"},"modified":"2011-03-29T10:47:40","modified_gmt":"2011-03-28T23:47:40","slug":"go-long-audnzd-says-techwizard","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2011\/03\/29\/go-long-audnzd-says-techwizard\/","title":{"rendered":"Go Long AUD\/NZD, Says TechWizard"},"content":{"rendered":"<p>\n\tBy Rudi Filapek-Vandyck<\/p>\n<p>\n\tThe TechWizard reports AUD\/NZD has formed a so-called &quot;Bullish triangle&quot; during a process of consolidation and we are nearing the break out point zone of the triangle. He believes there&#039;s a clear trading opportunity at hand, driven by interest rate fundamentals.<\/p>\n<p>\n\tNotes the Wizard, six of seven FX strategists interviewed by the NZ Herald newspaper expect NZD\/USD to decline on increasing dovish comments from the RNBZ as the New Zealand economy is barely escaping going into recession post the Christchurch earthquake. Meanwhile on the other side of the Tasman, FX experts are increasingly debating the Aussie dollar going for 1.05 and potentially 1.10 by year end against the USD.<\/p>\n<p>\n\t<img decoding=\"async\" alt=\"\" src=\"http:\/\/www.fnarena.com\/ckfinder\/userfiles\/images\/AUD-NZD_Wizard.jpg\" style=\"width: 680px;height: 373px\" \/><\/p>\n<p>\n\tCombining both prospects must thus lead to a strengthening AUD against the NZD, says the Wizard. He suggests AUD\/NZD is now on its way to 1.39 and potentially beyond.<\/p>\n<p>\n\tThe TechWizard reports he has taken a market positioning in line with the above commentary.<\/p>\n<p>\n\tThe TechWizard is the pseudonym of Scott Morrison, whose experience in financial markets exceeds twenty years. Morrison operates his own website nowadays at www.techwizard.com.au. All views expressed are the TechWizard&#039;s, not FNArena&#039;s (see our disclaimer).<\/p>\n<p>\n\t<strong>Technical limitations<\/strong><\/p>\n<p>\n\t<strong><span style=\"font-style: italic\">If you are reading this story through a third party distribution channel and you cannot see charts included<\/span>, <em>we <span>apologise<\/span>, but technical limitations are to blame.<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The TechWizard believes AUD\/NZD is destined for much higher levels.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[29],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/57912"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=57912"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/57912\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=57912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=57912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=57912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}