AUDNZD looks like it has beautiful long potential
AUDNZD Long:
The AUDNZD has been stuck, failing to break above the 1.21 - 1.31 levels. Since 2014. If we can see the price gain enough strength to break above we have a pretty clear run until 1.245. COT data is bearish, however, DXM is also very bearish. So in terms of timing, we will wait for Tuesday when we get updated COT data and see if this is a trade we can be on the right side of.
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AUDNZD
The AUDNZD has been stuck, failing to break above the 1.21 - 1.31 levels. Since 2014. If we can see the price gain enough strength to break above we have a pretty clear run until 1.245. COT data is bearish, however, DXM is also very bearish. So in terms of timing, we will wait for Tuesday when we get updated COT data and see if this is a trade we can be on the right side of.
Comment your trading idea or question about the pair ( every comment gets answered)
AUDNZD
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