AUDNZD Short

13 dic 2015

Last week I shorted this pair at 1.083 and I hope and pray for a corrective movement to add because on the chart a corrective movement just looks to be capped quickly with no real level of support until the 1.05 handle . This is a good trade because until the market decides NZD fate and selling pressure on rate cut or buying pressure via macro positive data. The market has decided all AUD rallies are to be sold for now on commodity divergence therefore, until otherwise this pair's upside very limited.