AUDNZD‬:The case for bullish move to 1.1600

FX:AUDNZD   Australian Dollar/New Zealand Dollar
52 0 3
I open a LONG position of AUDNZD             at 1.1212, stop loss 1.100, take profit 1.1600 : This is long term trade.
Here is the point: For last 4 year, the bias to trade AUDNZD             is just SELL because there was a strong divergence between RBA and RBNZ: While RBA just wanted to cut rate,RBNZ wanted to hike rate. However, the situation now changes to opposite view.: RBA wants to hold rate while RBNZ wants to cut rate.
That is the key point. Market shifted appetite. and BUY AUDNZD             is a good choice.
Look at on the chart, AUDNZD             hold below the handle 1.1600 since Sep, 2013             .
And it now stands firmly above key support 1.1060
I think it's enough momentum for AUDNZD             rallies to 1.1600 handle.
I recommend traders buy in dip AUDNZD             to three year high 1.1600


If you like my analysis, visit my page:https://goo.gl/zGH0RT
And my website :http://www.trackingforexsignals.com/
Free 1 month. You like, You subscribe.
More than 100 signal providers and +200 positions in Trading System. Track the best signals. No site has such feature around the world. Precise and Profitable.
- Trackingforexsignals - Think the right way
United States
United Kingdom
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out