AUD,NZD/Trade Ideas

AUD/NZD short-term trade idea

This comes from an interbank source (who is undoubtedly short already and wants the market to start selling); he recommends selling at 1.2545 with a stop above 1.2565 and a target at 1.2480. This is not a pair I follow too closely so I don’t have a strong view, apart from the fact that the risk-reward looks quite promising.

  1. Hi Sean,
    What’s happening with AUD/USD? Not usual for the pair to remain in such a tight range, is it because of RBA expectations for February? Sure a lot of buy stops above 0520…

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