I have bought this currency pair after the Australian unemployment report was released (I had a pending buy order in case of a disappointment and it was triggered during the Asian session). I think the AUDNZD is extremely oversold and while we are 100 pips off of our most recent lows my plan is to buy the dips as I think there is plenty of room for this currency pair to rally higher.
I do not think that the Reserve Bank of Australia will cut interest rates due to one disappointment in the jobs data which made the sell-off that more of a buying opportunity to me.
Those are just my ideas and not a trading recommendation.
I do not think that the Reserve Bank of Australia will cut interest rates due to one disappointment in the jobs data which made the sell-off that more of a buying opportunity to me.
Those are just my ideas and not a trading recommendation.
