With the RBA Policy Meeting Minutes due to be released at 02:30GMT we should have the catalyst we are looking for to move AUDNZD.
With the Kiwi being weak recently and a number of AUD pairs at support/resistance, a hawkish tone from the RBA could send this pair higher.
If we see a dovish tone out of the RBA then we favour a short on the AUDJPY back down into the 85.500 zone.
With the Kiwi being weak recently and a number of AUD pairs at support/resistance, a hawkish tone from the RBA could send this pair higher.
If we see a dovish tone out of the RBA then we favour a short on the AUDJPY back down into the 85.500 zone.
Note
First targets hit last week and our stop was moved to break even.We have now made a new swing high and swing low, so stops have been rolled up to lock in more proft.
#trademanagement
Note
p.s. 185 pips and counting...Note
This trade is still running nicely for us at +200 pips profit.Stops have been rolled up to below last swing low to lock in a minimum of 135 pips profit.
#trademanagement
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.