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martin1024
Dec 20, 2016 11:27 PM

AUDNZD Short - based on fundamentals Short

AUD/NZDOANDA

Description

There are weak data coming from Australia and also possible holiday weakness on AUD. On the other hand fundamental outlook on NZD is neutral, maybe even bullish as there will be latest GDP data coming in a few hours. I think it is a good opportunity to enter to short trades in these moments. SL and TP as on chart. We have a fair RRR - 1:2 to 1:3.

dailyfx.com/forex/fundamental/forecast/weekly/aud/2016/12/17/Australian-Dollar-Could-Be-Vulnerable-to-Holiday-BluestofDC.html
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