AUD/NZD: Cheap and cheerful trade for the contrarian bulls

Nobody knows whether this is the bottom or not but at least you know where to put your stop.

Buy near opening levels at 1.0775 with stops below 1.0720 targeting 1.10+

  1. Not at moment Adrian but if a base can form at 10730 then it will pick up steam v quickly. Need to give it a few sessions most likely as often get few downside tries?

  2. Agreed. Got a trade but i’ll be selling near 1.09 and try to reload lower , Aussie on the other hand looks promising with this bottom @ 0.8820 and the risk/reward is favorable , still not sure how it will react to a good nfp number.

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