Correlation Trade Between AUD/USD & AUD/NZD

FX:AUDNZD   Australian Dollar / New Zealand Dollar
*Position Update: As of 05/13/2015 @ 23:38 The Global Currency Scalper liquidated its position with a gain of 27.9 Pips.

The trade: Long AUD/USD & Short AUD/NZD .

A nice correlation trade is setting up between AUD/USD & AUD/NZD . The spread in the correlation is currently 300 Pips, over the past year the max spread has been approximately 600 Pips.

We will be taking 1/2 our intended position size, if the spread continues to widen we will slowly add to our position. There is a good chance we see that happen over the next few days as the US & Australia both have unemployment numbers scheduled for release, with Australia's in the next few hours. If our timing happens to be accurate today and the spread begins to narrow before that data is released we will book our profit.
That's a great trade idea, nice work
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out