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Sep 22, 2018 2:14 PM

Pending short: AUD/NZD - H&S pattern  Short

Australian Dollar/New Zealand DollarFXCM

Description

Pending short: AUD/NZD - H&S pattern

Order: Stop sell @ 1.08300
Stop loss @ 1.10300 (1.85% unlevered)
Take profit @ 1.04880 (3.16% unlevered)

Comment

Macro comments: Recent GDP revisions

The New Zealand economy advanced 1.0 percent on quarter in the second quarter of 2018, above 0.5 percent in the previous quarter and market expectations of 0.7 percent. It was the largest quarterly rise in two years, as 15 of the 16 industries expanded.
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