informedtrades
Short

Australian Dollar Showing Lots of Weakness

FX:AUDNZD   Australian Dollar/New Zealand Dollar
18 0 0
AUD is showing a fair amount of weakness across the board (except against JPY, of course). We're at resistance, and are seeing some candlesticks with long wicks to the downside. We are above the moving averages and do have a pattern of higher lows in some respect on this pair, but the AUD weakness visible on other pairs led me to think this would be an appropriat short opportunity with good reward/risk. I'm short at 1.1257, with my target profit at 1.1027 and my take profit at 1.1327.

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