AUDNZD LOOK FOR THE BUY OPPORTUNITY
Updated
Stops should be placed either below 1.0300 or 1.0240. I will give it some room, and then move stop closer to breakeven if it moves as planned.
We should not get daily closes below 1.0350/0330/1.0300. This area should not be broken decisevly in my opinion. Or it might get ugly, so as always keep your eyes open to the news feed, and new developments, that could justify extreme moves.
Targets are 1.0500, 1.0540 and finally 1.0600. depending on the developments.
Blessings to you all.
We should not get daily closes below 1.0350/0330/1.0300. This area should not be broken decisevly in my opinion. Or it might get ugly, so as always keep your eyes open to the news feed, and new developments, that could justify extreme moves.
Targets are 1.0500, 1.0540 and finally 1.0600. depending on the developments.
Blessings to you all.
Comment
I dont think it has alot more upside in place. NZ economy is doing very well. I believe it will be sold again lower. 0540 is probably i a strong resistance area.
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