AUD,NZD/FXWW News/Trade Ideas

NZD: Crosses suggest more gains ahead

  • We had a look earlier this week at the bullish set-up in NZD/CHF (see story) and the cross is already 100 pips higher from there.
  • AUD/NZD is in a solid downtrend and technical/psychological resistance at 1.2000 is now looking formidable.
  • NZD/USD is in a long-term sideways pattern and is starting to near ‘cheap’ levels.

It’s a matter of picking your poison here, with AUD/NZD looking like the safest bet, but overall I really like the NZD at current levels. There is trade data out later this morning so medium-term positioners so stay away until that event is out of the way.

  1. Hi Sean,GM,I been close my EURNZD trade at 1.6754, a bit regret, my original plan was actually let it roll, but yesterday the fall make me to chicken out already, so I’m plan to short it again but should I short it now or wait to enter at the resistance at 1.684 better?? or do you got other opinion?? Thanks

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