Bintang
Short

AUDNZD broken short, sell previous support

FX:AUDNZD   Australian Dollar/New Zealand Dollar
36 0 5
AUDNZD             grinded along the support area for most of the week with a short lived break lower on Friday, this short provide good short opportunity on a rally,
The Aussie election looks to be the culprit for the weekend gap and will continue to weigh with possible rating agency cuts on the horizon with a hung parliament making economic decision making.
RBA decision early in the week, on hold expected, new government and a new RBA governor soon gives on hold better bias, and although this priced by market we expect a move higher on the result and will look to fade this as well
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