StevenNL

AUDNZD BUY based on support and resistance

FX:AUDNZD   Australian Dollar / New Zealand Dollar
57 2 1
AUDNZD             BUY based on support and resistance

I am just started, any suggestions? Please let me know!
it breakout sell...
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Hi Steven, firstly I'm very new at this too, and only have a iPad to work with so cannot do charts, I bought this at 1.450, 2 days ago! With a long distance Sl, however been a kiwi, I've never seen this any lower than abt 1.200 over my life really. So I feel the upside could be rewarding..however, Aussie election Saturday and RBNZ meeting next week over int rates..these could be left as is or decreased, I cannot see an increase, but you never no!! I wish I waited to buy,but am watching closely, this and the NZD/USD situation..lots of people are promoting a fall for the NZD against the US..this would help also if Aus elections stays with incumbents would also help I think...just some thoughts..cheers and good luck. RON NZ....my TP is 1.100
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