AUD,NZD/FXWW News/Trade Ideas

NZD/USD: Decent risk-reward for bears today

This is not a pair I trade, having lost enough for this life-time on the NZD 🙁 , but I do think there is decent risk-reward for the intraday bears.

AUD/NZD is in recovery mode and looks likely to test 1.1500 if not 1.1550, whilst AUD/USD looks toppy near .9210. Selling NZD/USD near .8050 with a tight stop looking for .7950 looks like a reasonable (and cheap) proposition.

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