TimStuyts

AUDNZD let's see whether we can add more buy's

FX:AUDNZD   Australian Dollar/New Zealand Dollar
170 0 9
AUDNZD             is moving as we wanted since we were looking for buy's from the beginning. However based on the characteristics of this pair I'm conservative when it comes to adding to my long positions at the moment. I like to see a more significant correction first. Let's see whether we get that in the beginning of next week. We also see divergence with every new leg higher which might indicate that we are dealing with an extension higher but for now that just doesn't result in a high probability buy trade. So we either need an acceleration or a correction.

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