How do you see New Zealand dollar vs Chinese RMB exchange rate development

Hi,  Odyssey,
Merry Christmas and happy new year!  Don't know if you celebrate this holiday or not in the mountain.  At least have some drink?  I did last night, and today I will fly to Yunnan with family for a break.
 I need your advice, how do you see New Zealand dollar vs Chinese RMB exchange rate development?  After Jan. 1,  I may need to change some money and transfer to NZ for my family living expenses.


Regards,
Pinglu

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Dear: Chen

Merry X-Max!

We used to celebrate it more than those days

Nowadays Korean peoples had begun to doubt not only about the belief of Christianity but also a nation’s aging since economic slump and nation is getting old

As for me, the aging is a chief issue (romantic ages has gone), too since we predominantly celebrate the season greeting (送年 or 忘年會), saying “Happy holiday” instead of “Merry Christmas”!

       

Yes indeed!  I am going open your gift (the whiskey) at the end of a year (I dear proclaimed to invite them all engineers ^^). Thanks for your gift.

Of your last question (Zealand dollar vs Chinese RMB exchange rate “NZD/CNY”):

It is quite complicated not because of analyzing chart itself but because of the unpopularity of mutually both currencies. I can hardly research what company is providing for.  

However I think both currencies (Zealand dollar and Chinese) are getting popular to international currency market in especially and doubtlessly RMB,and better combine with both (USD/NZD and USD/CNY) chart which is indirectly in the using of inter-medium of USD.

So, you need to pay some trouble for yourself, doubted whether if it is worthy or not

Anyway I will expose my idea to your question:

·       Daily chart “NZD/USD”

It is the ladder pattern supposed to fluctuation between inside of the ladder

①       Is the upper ladder bar which is acted as a resistance line (1$=0.68805 NZD)

②       Is the previous high point which is acted as a resistance line (1$=0.68805 NZD)

Both has probability 80%

But 20% has probability for breakthrough ① and ② resistance lines (1$=0.68805 NZD)

③       Is the possible shape of movement? if 20% is occurred and then it will breakout and return to the almost same level as (1$=0.68805 NZD) and go up. Otherwise it will be reached at the downtrend  

④       Is the downtrend line supposed to reach at the level of  0.600000

So that it is a peak (1$=0.68805 NZD) in terms of 2 weeks period, it means you would better to exchange it early January.

Perhaps you may want to know long term view of it

It will be reach at the 0.499999 more less 1~2 years

Here is the monthly chart why I calculate such a way

Monthly chart for NZD/USD

USD/CNY

It is the US$ against Chicness Yun

It is not so useful information for short term as much useful for long, long term

May it be shock if it will be 1$=8.3 Yun?

I think it is not impossible to head for (Stanton #2).

Don’t worry!

It will too long time to see it and die for. It will be happened, after we have passed way for it is 20 years later.

Anyway

It is for our life time story that it will be reached at the level of 1$= 6.8347 YUN within 1~2 years

Even it is shock for you?

But it is happen    

Monthly chart for USD/CNY

The above are 3 lines

1)    Is the 6.3709 Yun which is hardly breakable supported line

2)    Is the line heading for 1$= 6.8347 YUN which is useful information for you as well as good to know

3)    Is the level of 8.3 Yun which is previous, previous higher point which is good information for our next generation   

In order to make it for meaningful information for our daily life, let us see small wave from Daily chart

Daily chart for USD/CNY

Can you see the ladder channel?

It will be fluctuate between ladder bar “6.2500~6.4777” but this time it will be strongly and lastly supported at the level of 6.4000 Yun,

Therefore

In the short term, you can draw the ladder pattern and response it

In the long term, you would better exchange all the Yun into US dollars