AUD,NZD/FXWW News/Trade Ideas

AUD/NZD: Small longs in play

  • AUD/USD feels oversold to me and whilst the trend is lower, I feel we may get some consolidation;
  • NZD/USD rallied briefly after strong GDP data this morning but then fell immediately, usually a bearish sign.

I don’t feel like taking on too much risk this close to the holidays but AUD/NZD looks very cheap to me near 1.0750.

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