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KarYong

AUDNZD: Decent Rejection Off the Retracement

Long
Australian Dollar / New Zealand Dollar (FX:AUDNZD)  
KarYong Updated   
FX:AUDNZD   Australian Dollar / New Zealand Dollar
AUDNZD retracement sentiment Fundamental Analysis RBA rbnz
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audnzd retracement sentiment fundamental rba rbnz
With the near term sentiment on Aussie being bullish, and a decent rejection formed off the 1.0680 area, we are seeing a good opportunity to long the AUD and short the NZD; bearing in mind that another rate cut is still very much on the table for the RBNZ.
Trade active
Trade closed: stop reached
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