AUDNZD is about to get further crushed...
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Data coming from New Zealand has sparked a really potentially amazing volatility event for all NZD based pairs. We like AUDNZD back down to 1.0450 with a capped price around 1.0650 for max pain. The ADR low for the following days trading is projected at about 1.0450 - but we have seen stranger things happen and we could see a break also of 1.0400. We are already short this pair with a sell limit orders stacked above in case for retracements.
This looks like a good play - stay safe.
Data coming from New Zealand has sparked a really potentially amazing volatility event for all NZD based pairs. We like AUDNZD back down to 1.0450 with a capped price around 1.0650 for max pain. The ADR low for the following days trading is projected at about 1.0450 - but we have seen stranger things happen and we could see a break also of 1.0400. We are already short this pair with a sell limit orders stacked above in case for retracements.
This looks like a good play - stay safe.
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