Bintang

AUD short squeeze not enough

FX:AUDNZD   Australian Dollar/New Zealand Dollar
22 1 5
The RBA relief squeeze on AUD shorts wasn't enough to breakout and the downtrend remains intact, a period of tightening price is preferred for trading an upside break and with this failed move we expect this occur and to base above the 1.0400 level into next weeks RBNZ
More convincing move over night, look to buy a dip toward 1.05000 for break above 1.0550
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