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AUDNZD Buy

by Remy N, February 17, 2021

AUD/NZD H4

by Remy Njoroge February 17, 2021

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AUD/NZD

|

Long

|

H4

Timeframe:

H4

Analysis:

The AUD has been bullish across most G8 currencies and is yet to reach a good sell zone while the NZD has been on a tear and is yet to reach a worthwhile buy zone.

Due to this, buying this pair seems to be the best idea for now until tomorrow morning when Key economic data will be released

Risk Management:

Risk 20 points to gain 45 probable points

Buy price: 1.08900
SL: 1.08700
TP: 1.08350

Things To Watch For:

Key economic data Thursday morning at 1am GMT will determine direction and need for risk adjustment

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