2013 Long-Term Trade #2 - BUY NZD/USD

January 11, 2013  9:44 am (Manila)

Second half of the trade is out bringing in +84 pips.

Trade Summary:

1st Half:   +30 pips
2nd Half:  +84 pips

Total:        +114 pips

The 0.8432 region seems to be a strong resistance line going LONG.  Will be keeping an eye on this pair for a breakout.

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January 10, 2013  12:05 am (Manila)

First half is out at +30 pips.

Second half stops are moved to breakeven.

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January 3, 2013  2:10 am (Manila)

BUY NZD/USD @ 0.8375
Stop - 0.8176
Limit 1 - 0.8378
Limit 2 - 0.0.8459

Like the Aussie, a number of things going for this pair - fiscal cliff crisis is over, interest rates remain strong, gold and metal prices soaring and risk appetite.  Technically, the pair has just breached the Buy zone in the B-Bands and has room to move.