AUD/NZD nearing lows
Tue, Sep 22 2009, 23:18 GMT
http://www.forexlive.com
The AUD/NZD is a commonly traded cross amongst professional players and the market usually tends to be long as it points to 'obvious' fundamental reasons. The cross is currently trading at 1.2050, not much above important support at 1.2020 and I suspect that there will be a lot of stops below 1.2000 from frustrated long positions.
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