AUDNZD - Long
Updated
With the RBA Policy Meeting Minutes due to be released at 02:30GMT we should have the catalyst we are looking for to move AUDNZD.
With the Kiwi being weak recently and a number of AUD pairs at support/resistance, a hawkish tone from the RBA could send this pair higher.
If we see a dovish tone out of the RBA then we favour a short on the AUDJPY back down into the 85.500 zone.
With the Kiwi being weak recently and a number of AUD pairs at support/resistance, a hawkish tone from the RBA could send this pair higher.
If we see a dovish tone out of the RBA then we favour a short on the AUDJPY back down into the 85.500 zone.
Note
First targets hit last week and our stop was moved to break even.We have now made a new swing high and swing low, so stops have been rolled up to lock in more proft.
#trademanagement
Note
p.s. 185 pips and counting...Note
This trade is still running nicely for us at +200 pips profit.Stops have been rolled up to below last swing low to lock in a minimum of 135 pips profit.
#trademanagement
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