TradeAlerter

AUD/NZD Reversal Levels - Target 1.080-1.100

Long
FX:AUDNZD   Australian Dollar / New Zealand Dollar
AUD/NZD is gathering attention as the long term support at 1.0500 is tested and we currently are trading below at 1.0460. These levels are very dangerous for shorts as the slightest reason to cover will have sharp moves higher. The trend however is still down and we currently dont have any triggers to start the move higher. In the New Year i expect such triggers to be exposed and will be some of the best trades in 2015.