colinsheen
Long

AUDNZD don't miss this upside potential

FX:AUDNZD   Australian Dollar/New Zealand Dollar
176 5 3
after a year long consolidation, i believe bullish momentum will resume in the coming weeks and months.
asferruzzi PRO
6 months ago
What is your reason for suggesting bullish momentum?
+1 Reply
robert.zach.7543 asferruzzi
6 months ago
Based on commodity prices, monetary policy ( rbnz easing, rba on hold ), fair value estimates. Building long positions at those prices are reasonable. Downtrend running ahead of itself. Nothing last forever and everybody want to short it now, so take the opposite ;-)
+1 Reply
asferruzzi PRO robert.zach.7543
6 months ago
Thanks. If your suggesting everyone wants to short why would you suggest to take the opposite direction?
Reply
robert.zach.7543 asferruzzi
6 months ago
Everybody = Retailers, not big institutions
Reply
asferruzzi PRO robert.zach.7543
6 months ago
got it, thanks.
Reply
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