AUDNZD - Potential Long

AUDNZD has been heavily sold off recently due to CB divergence and continued poor Aussie data impacting the AUD and CB expectations for further cuts. While NZD seems to have stabilised, supported by a more neutral CB

However, price has come down in to a significant neckline, and now we've seen a swing break.

We believe this news is baked in and now we're presented with a nice long if price retraces.

Target is key opposing level on the Weekly Chart.

Happy Trading

fxsurferguys
"Trading to live, not living to trade”

Trade active:

We're closed for a slight profit ahead of tier 1 kiwi and aussie news that gave us the spike lower. We re-entered after aussie jobs data and are still in the trade.