LachlanGO

Mean Reversion play AUDNZD

Long
FX:AUDNZD   Australian Dollar / New Zealand Dollar
A hawkish hold from the RBNZ today has seen AUDNZD push into the "Buy Zone" for building a mean reversion position.
Has been a reliable trade in 2023 and beyond.
For less risk, traders can wait to see if the second buy zone (dark green) gets tagged.



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.