Trader_Troy

AUD/NZD short for 200+ pips, strong NZD CPI confluence

Short
FX:AUDNZD   Australian Dollar / New Zealand Dollar
AUD/NZD short order was activated last night. I am trying to use orders as I've been busy and missing trades. I'm not too keen but hopefully it can work out. Prices have pulled back to weekly resistance and the golden 61.8 fib. New Zealand CPI recently beat on a Q/Q and Y/Y basis and should offer bullish pressure for NZD, while AUD has been weak recently. I'm looking for prices to hit 1.0520 for 225 pips with 50 risked (1:4.5 risk/reward)