Potential Short for AUDNZD
After a relatively long time with the Aussie gaining strength against NZD, the market now looks to be at a point of strong S&R.
My personal view is Short AUDNZD due to correlation of both the currencies against the Yen.
Also, on the daily chart on my broker platform shows an RSI of 80/81, which statistically adds to this trades potential. Overbought, relatively tight stop loss and large potential gains.
My personal view is Short AUDNZD due to correlation of both the currencies against the Yen.
Also, on the daily chart on my broker platform shows an RSI of 80/81, which statistically adds to this trades potential. Overbought, relatively tight stop loss and large potential gains.