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ridethepig
Jan 16, 2020 10:45 AM

ridethepig | AUD Market Commentary 2020.01.16Β Short

Australian Dollar / U.S. DollarFOREX.com

Description

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AUD and NZD will continue to trade tight ranges after mixed data from NZ overnight. πŸ“ŠChart of the day πŸ“Šis going to NZDUSD:



Market is clearly presenting another very good opportunity to cover 0.664/6x and initially target 0.660x. In AUDUSD same drill as before, tracking 0.692x for a similar move back towards 0.685x lows in the range.

This idea is no less imaginative than the previous call for inside range trading:



Good luck all those in AUD and NZD for the coming sessions, as usual thanks for keeping the support coming with likes, comments and etc. Jump into the conversation with your charts and idea on AUD & NZD.

Trade active

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Trade closed: target reached

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0.687x targets cleared

Trade closed: target reached

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We need to open up the next AUD swing chart for RBA Feb
Comments
Saeed966
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Saeed966
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Nice
ridethepig
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Thanks @Saeed966
rludvik
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Very nice!
ridethepig
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Thanks @rludvik !
MikulovicFOREX
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Great chart! Looking for the same trades. Price forming currently forming double tops at major resistance area...

ridethepig
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GL @MikulovicFOREX USD buying expected for the open.
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