Australian retail sales data due shortly

Don’t forget that there is economic data due shortly which might shift the market.

  1. Nomura – Sell AUD/NZD

    Thu, May 17 2012

    “We sell $20mn AUD/NZD at 1.2985, stop at 1.31, target 1.24.”

    I like Nomura, they calculate their target price by 2 year yield ratios between AUD and NZD. Patience is the key 🙂

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