Posted by: Matt Nolan on: October 1, 2007
Oww yea, we crossed US$0.76 temporarily.
I said we would cross 76, however I said we would do it by the start of September, so I guess I was sort of wrong 😉
Where to from here? I don’t know, all this volatility scares me!
1 | Kiwi Trader
October 2, 2007 at 6:00 am
We are on the way back to 0.8100. Probably overdue for a correction lower yet, as we have come a long way very quickly.
But 0.8100 is the target at this stage. That would mean an 18% range (from the high) and the 10 year average chnage (per calendar year) is 18% so still a normal year really. Remember last year?, 0.7000, down to 0.5950 (15%) then the NZD went all the way back up and made new highs!
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