I’m long of this pair with a minimum interim target at 1.2950. The NZD seems to me to be irrationally overbought and the technical picture in AUD/NZD is telling me that a reversal is due. If it breaks back below 1.2450 then I’m wrong, but hopefully I’ll get the chance to sell above 1.2900 in the coming days.
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AUD/NZD showing some strength
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