UPDATE: Christmas with the AUDNZD cranks
The original trade idea expected additional AUDNZD selling in thin holiday markets, which has occurred. The break of significant support in the 1.0480-1.0500 area should now revert to resistance. However, this was only a short-term play and although the profit objective wasn't reached, it should be closed for a 0.0050 point gain.
Original Trade idea parameters
Entry: Sell AUDNZD at market (currently 1.0500).
Time horizon: Five days.
-- Edited by Kevin McIndoe
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