AUD,NZD/Trade Ideas

AUD/NZD: Closing in on recent lows

I had thought that this pair might show some inclination to form a base near 1.2100 but that’s looking increasingly unlikely. The cross has been unable to reclaim previous lows at 1.2145 and is now closing in on testing recent lows at 1.2050.

In other words, if this level breaks and you think the AUD/USD is basing out, that might be the opportunity to buy NZD/USD?

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