THE EURNZD IS BY PRODUCTS OF EURUSD AND NZDUSD. THE EURUSD IS BEING STERILIZED TO CENTRAL PARITY AND THE NZDUSD IS UNDERWAY TO HER UPPER MEDIUM TERM BAND. AT SUCH, THE EURNZD MEDIUM TERM TARGET ZONE IS THE DIFFERENTIAL TARGET ZONE OF THE TWO PAIRS.
THE ECB AND RBNZ AGREED TO MANAGE THE 1.6600 AS UPPER MEDIUM TERM BAND AND THE ESTIMATED LOWER BAND 1.4650 AND 1.4000 (TARGET ZONE AND CURRENCY BAND). SHORT AT CURRENT RATE 1.6600-1.6580 WITH STOP LOSS AT 1.6800 TO TARGET THE CENTRAL BAND 1.5200, LOWER BAND 1.4650 AND 1.4000 VERY FEASIBLE.
HIGH FREQUENCY SHORT TRADES WITH CONSISTENT MANAGEMENT OF THE STOP LOSS AT 1.6800 IS MORE FEASIBLE WITH THE FOLLOWINGS:
SHORT AT DAILY HIGH TO TARGET DAILY LOW BY USING TECHNICAL CHARTS
SHORT AT WEEKLY HIGH TO TARGET WEEKLY LOW BY USING TECHNICAL CHARTS
SHORT AT MONTHLY HIGH TO TARGET MONTHLY LOW BY USING TECHNICAL CHARTS
SHORT AT QUARTERLY HIGH TO TARGET QUARTERLY LOW BY USING TECHNICAL CHARTS
MAXIMUM TARGET 1.4650
HIGH FREQUENCY SHORT TRADE MODEL:
SHORT AT 1.6580
STOP LOSS 1.6800
TARGET 1. 1.6400
TARGET 2. 1.6000