AUD,NZD/FXWW News/Trade Ideas

AUD/NZD trade idea: Buy intraday dips towards 1.0800

  • Current levels below 1.10 are ‘irrational’ imho but as we know the market can stay irrational longer than I can stay solvent;
  • Recent lows near 1.0750 provide initial price support and there is short-term technical support at 1.0800;
  • Buy any intraday dips towards 1.0800 with stops below 1.0750, targeting 1.1000.

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