D-Rod

Aud bound 2 break..? Im looking 4 news 2 pave the road Up

FX_IDC:AUDNZD   Australian Dollar / New Zealand Dollar
593 5 9
  • I'm looking for a Solid fundamental news 2 pave the road upstream
  • -Aud- Gov             . Stevens is speaking soon
  • -Nzd- Trade balance & budget release
Comment: Bought at 1.070
Comment: Added mor3 longs at 1.060. Incredibly low support level & Nzd rate cut is expected next week.
Comment: RBA say policy is consistent with sustainable growth; sees CPI low for some time http://www.rba.gov.au/media-releases/2016/mr-16-16.html ... next up is Nzd rate cut which is expected
Comment: exited this pair & Nzd Chf with green. will be looking 2 reenter this pair as this pair is technically at a very low price level
Comment: Rebought at 1.051 as it is literally at the bottom of support
Comment: added more longs at 1.045 Still being conservative until after Nzd Gdp. China news is sunday & can boost Aud . Nzd Gdp next week & Aud employment change & unemployment 2 keep an eye on
Comment: Perfect time 2 time 2 buy. its at levels not seen since 1994.
Comment: price at strong floor. Buy conservative until after RBA meeting next week
Comment: Break away happening & important S & R levels being reached. More Aud news on the way, Kuroda speech soon & China news 2 look out 4.
Comment: conservatively rebought at 1.057. Nzd's rate statement ----> http://www.rbnz.govt.nz/news/2016/08/official-cash-rate-reduced-to-2-percent
i bought same price as you, liking the support level
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When would you take this trade and how long do you expect to hold it for?
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D-Rod maksheetal
I added more shorts at 1.060 due to it being at such low levels & me trading news expectations.. things turned out exactly as I expected. ill hold this till 1.090 or until news fires back at Aud
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So do you think there will be growth in Aud resulting in a good long position?
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D-Rod maksheetal
idk how long it will last 4 considering its biggest trade partner is China. I aadded more longs at 1.060 as my update mentions & well 2days news went exactly as expected.
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