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kiwiwalnut
May 27, 2016 7:51 AM

AUDNZD Stoch and RSI syncing  Short

Australian Dollar/New Zealand DollarFXCM

Description

Area to consider short again. PRZ coming up

generally good bounce when RSI and stoch sync up - MACD also looking to follow so wait and see

Trade active

Short order triggered

Comment

Could make a move up back to 1.081 level before coming down. SL hovering around that level

Trade closed manually

Momo seems like it's dying out and won;t be able to monitor tomorrow so closing position and looking for more shorts towards end of week
Comments
kiwiwalnut
lol looking rather silly now
kiwiwalnut
Likely that RBNZ will not drop rates in June. Economy isn;t looking THAT bad and with uncertainty in June, would be tactically better to wait until July. Will see if the markets price it in over the coming weeks and a rate drop is almost 100% by August ( has per pundits )
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