Aud/Nzd Trade Setup for week starting 25th March

TradeCuts

Member
68 1
AUDNZD, has been trending down, currently bouncing off the trend line, with strong rejection at 1.26744 - 1.26341 zone. Current price action is testing some strong support thus there is possibility of short term long in overall short outlook. We expect AUDNZD short but in case of rebound expect it to retest the trend line and 1.26744 - 1.26341 zone.

There is potential to make pips on both side thus wait for proper signal and take trade likewise.

Profit Potential -
Short position - 75 - 175 pips (Many more pips if you wait longer for TP3)
Long Position - 50 - 125 pips ( stay cautious with longs)

If you take this trade do let us know how it worked out for you.

Best
TradeCuts
 

Attachments

  • Aud Nzd 25th march.jpg
    Aud Nzd 25th march.jpg
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