Why I'm Looking to Sell the AUDNZD
|The key support zone for the AUDNZD between 1.0820-1.0880 that got broken which we mentioned in our daily trade ideas was followed by another quick re-test before price continued to sell off.
Congrats to the members that shorted this opportunity as you should be in good profit by now.
Price is now closing in on a medium support starting to come in at around 1.0600. A daily close below 1.0550 could open up for further potential shorting opportunities and a likely continuation down towards the LT key resistance zone between 1.0330-1.4000.
Meanwhile I'm interested in selling pullbacks into the 1.0800 resistance.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.