AUD,NZD/Flows and Orders/FXWW News

AUD/NZD: Worth watching closely as next big AUD sell-off could be initiated from this cross

The AUD/USD is totally friendless at the moment and is trading at trend lows near .9080. The AUD is still quite far away from important levels against the JPY and the EUR but AUD/NZD should be watched closely as we are trading near recent trend lows at 1.1740 and there is talk of heavy stops below the market. I’ve been hearing the same reports for a few days now so worth listening to I think.

  1. Sean, why don’t you long NZD/USD when AUD/USD hits 88/89? I know you don’t like trading NZD. But if you believe AUD stronger and NZD even stronger. That seems to be more rewarding.

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