AUD/NZD: Range trading 1.0920/1.1060 likely for next few sessions

Like most FX pairs, and perhaps even more than most, AUD/NZD spends the vast majority of the time range trading. We really should not be trying to pick the trending direction, rather we should be picking the range-timing and the range edges!

We are now in a short-term range-trading phase and I’d suggest that 1.0920/1.1060 will be the levels to watch.

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