The EUR/NDZ cross currency is becoming increasing popular to trade, due to a significant improvement in the NZ economy over the past decade leading many investors to classify the NZD as a safe haven.

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Euro Versus Aussie and Kiwi August 24th // 23 Aug. 2011

EUR/AUD is a great barometer for global risk, and as it falls - it shows that traders are getting rid of the Euro for the more risky Australian dollar. The gap that was formed a couple of weeks ago is being retested, and we think a break below the 1.36 level should be a signal that this pair falls much farther. The EUR/NZD pair looks like the 1.75 level has repelled the bullish action as the world is feeling better about taking risk, and therefore wants to take on the Kiwi dollar. The 1.70 level is one that could be supportive, and if it gives way - we fall down to 1.60 before it is all said and done. Play video >>

Euro Versus Kiwi and Yen August 19th // 18 Aug. 2011

EUR/NZD rose on Thursday as fear crept back into the markets. The global sell off was swift and brutal on Thursday, and we saw many of the European indices shed over 5%. The pair shows how the world feels about risk, with the NZD gaining, or this pair falling, when traders feel better about taking risk in the markets. With the 1.75 area approaching, we feel that this pair should be watched for any signs of weakness on Friday - perhaps in the form of a shooting star or long red candle. If we get that, we won't hesitate to sell this pair. If we close above this level on the daily chart, we could see 1.80 for it is all said and done. The EUR/JPY pair fell on Thursday, but the Bank of Japan is sitting below and waiting for the markets to make a move. Because of this, the fall was a little more muted than one would have expected during a massive sell off like we had on Thursday. We think this pair can be shorted - as the Bank of Japan doesn't worry so much about it, but if you choose to do this - you MUST keep an eye on USD/JPY. If it fall s too fast, the BoJ will get involved. If they do that, the Yen will get sold off against the major currencies. It is a dangerous cross to play at the moment, but watching it can give you a great barometer of the world's risk appetite. If we get a supportive candle at the close on Friday - we will not hesitate to buy as well. 110 is a MASSIVE area that should be watched. Depending on the Friday close, we could get a longer-term signal. Play video >>

Kiwi Versus Franc and Euro August 15th // 12 Aug. 2011

The NZD/CHF is presently rising as the world continues to shed fear and buy risk. This shows that the pair should continue to accelerate if we can break ever so slightly higher. The bounce we have seen has been fantastic so far, and it shows that confidence is coming back into the overall markets. The EUR/NZD looks like it is set to fall from the levels it sits at presently. The pair had a good bounce, but it was counter-trend, and therefore was always going to be suspect. With the 1.75 resistance area holding, this pair looks set to continue its downtrend. Play video >>

Euro Versus Franc and Kiwi August 3rd // 02 Aug. 2011

EUR/CHF has absolutely fallen apart again. However, selling here is only chasing the trade. We are waiting for a bounce to sell from, and until we get it - this trade will be difficult to trade. The EUR/NZD pair has been falling rapidly over the last several months. The pair actually bounced today, and looks ready to test the 1.65 area, which is a natural area for resistance to come into play. Play video >>

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