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.
you mention there there are no triggers to start a move higher yet looking back, you were indeed corect with this forcast and the rate did hit the level that you expected before again reversing and continuing the downtrend. Could you briefly mention some of the key triggers of the new year?