Long AUD/NZD

snapshot

TP at major resistance. possibly extends to 1.1200.

monthly candle strongly in favor of directional bias.

good risk reward

Fundamental cue: Unemployment rate in Nzd is currently 4.8% whilst AUS IS 9.9% , Interest rate is currently higher in Aus , and there is higher probability that RBNZ is going to cut more in January ( Exp 50bps). interest rate differential should kick in.

definitely not a financial advice.
Trade active
Unemployment rate in Nzd is currently 4.8% whilst AUS IS 3.9%*
Note
swaps eating into this trade's Profits but still on track to target

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