Currency Pair: AUDNZD
Timeframe: Hourly Chart (H4)Recommendation: Sell AUDNZD @ 1.1290
Take Profit @ 1.1000
Stop Loss @ 1.1400
The AUDNZD has rallied after a sharp sell-off took this currency pair to a lower low. The current rally is stuck at its resistance level and should this be the end of it a lower high would be confirmed which means the next move will be to the downside and likely set a new lower low.
I expect volatile trade ahead, but will use this as a good entry opportunity for my short positions. I expect a sell-off on the back of profit taking, but I am prepared to hold this trade through the end of this year if necessary.
I expect volatile trade ahead, but will use this as a good entry opportunity for my short positions. I expect a sell-off on the back of profit taking, but I am prepared to hold this trade through the end of this year if necessary.
4 comments:
The Australian dollar (AUD) held steady at six-year lows against its U.S. counterpart on Thursday.
I did, but I expect a gradual increase in price action for the rest of 2015.
Hej , are you not writing anymore articles.
where did you disappear to? We miss your trades
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