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theforexportal
Mar 20, 2017 3:20 PM

AUDNZD may pause for breath 

Australian Dollar/New Zealand DollarFXCM

Description

AUDNZD may pause for breath here as its impressive climb from the end of January pushes higher and higher into overbought territory and the BULLS exhaust themselves. Any pullbacks should be used as an opportunity to go LONG.

Trade idea.
I wouldn't SHORT this market as this is a strong BULL run and prices could still head higher.
Better to wait to see if we get a retrace and go LONG.

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