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MatrixBits

AUDNZD - Short from $1.08800 to $1.03

Short
Australian Dollar / New Zealand Dollar (FX:AUDNZD)  
MatrixBits Updated   
FX:AUDNZD   Australian Dollar / New Zealand Dollar
AUDNZD audnzdshort
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audnzd audnzdshort
Iron ore prices have dropped tremendously for AUD, and milk prices are slowly increasing for NZD. Prices are becoming more stable for milk, and we should see a large increase. Weekly chart showing strong weakness and has hit multiple tops.

Comment:
Australian Reports are coming out on Wednesday @ 11:30pm on Wednesday night. Trade will go bullish for a while as people prepare for the reports. Based on the reports good or bad will impact the price.

21:00 - AUD - Inflation Expectations
21:30 - AUD - Unemployment Rating
21:30 - AUD - Employment change
21:30 - AUD - part time employment change
21:30 - AUD - Participation Rates
21:30 - AUD - RBA Financial Statement
Comment:
Before you enter wait on these reports. I know a lot of people took some profits today.
I am only a speculative trader and this is not financial advise on trades.

- If you are losing money close the trade

- Start with .03-.05 units and learn to manage risk

- Don't take profits too early cheers!


MatrixBits
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