AUDNZD – Intra-day trade opportunity

  • AUDNZD is approaching 1.1 price handle. This is the yearly high for the pair for this year.  In my opinion, NZD will bounce back very soon.
  • Day traders can put sell stops @1.1 for around 100 pips profit target. Or if you have the patience wait for another 10-20 pips rally above 1.1 price and then go short.
  • Stop loss will be just above 1.1040.

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