unique4x
Long

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
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder 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 Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out