AUDNZD Long
Setting up a buy limit with TP @1.083 and a buy stop order with TP near 1.10 and SL near 1.06 based on weekly chart price action, as well as price differential arbitrage opportunity on this pair despite AUD being weak this week from USD recovery.
fxstreet.com/news/aud-nzd-trading-on-a-high-note-but-holiday-markets-bring-little-volume-201804250024
forexlive.com/technical-analysis/!/the-usd-is-the-strongest-the-nzd-is-the-weakest-as-the-na-session-begins-20180425
fxstreet.com/news/aud-nzd-trapped-in-consolidation-ahead-of-aussie-cpi-201804240119
Daily:
Weekly:
Confidence: B (risk of getting whipsawed by the end of this month esp during NZD trade balance news release on Friday, assuming it goes as forecasted or lower, better to enter these buy orders after the news instead)
fxstreet.com/news/aud-nzd-trading-on-a-high-note-but-holiday-markets-bring-little-volume-201804250024
forexlive.com/technical-analysis/!/the-usd-is-the-strongest-the-nzd-is-the-weakest-as-the-na-session-begins-20180425
fxstreet.com/news/aud-nzd-trapped-in-consolidation-ahead-of-aussie-cpi-201804240119
Daily:
Weekly:
Confidence: B (risk of getting whipsawed by the end of this month esp during NZD trade balance news release on Friday, assuming it goes as forecasted or lower, better to enter these buy orders after the news instead)
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