Bearinaus

Long Term buy opportunity on AUDNZD

Long
OANDA:AUDNZD   Australian Dollar / New Zealand Dollar
AUDNZD is sitting on a very strong resistance area. Potential for a good swing trade

I've placed a long position at 1.03445 with a SL of 1.03150 and a TP of 1.11800

There was some good Aussie data this week which may have reduced the chance of a rate cut in Feb

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.