AUD/NZD bears step back in and take out stops back into the resistance structure. AUD crosses have rallied after surprise Aussie jobs report, day traders alerted to volatility. AUD/NZD has rallied after an impressive Aussie jobs report, superseding any positives from a beat in the New Zealand Gross Domestic Product report earlier int he day. The technical picture has shifted to neutral following the aggressive spike and has resulted in a breakeven trade for the AUD/NZD swing trade that was otherwise 50% on its way towards the target. AUD/NZD Price Analysis: Update, short position now risk-free for 3R As it stands, the daily picture remains bearish in a 1,2, 3 wave setup but the 4-hour structure requires the price to not close above 1.0863. Additionally, the new low created is too close a structure to the target for there to be an appropriate risk to reward opportunity. Instead, day trading strategies could take advantage of price action on a lower time frame, such as the hourly chart. 4HR chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Banks stress test outcome reinforces need tor strong capital buffers – RBNZ FX Street 1 year AUD/NZD bears step back in and take out stops back into the resistance structure. AUD crosses have rallied after surprise Aussie jobs report, day traders alerted to volatility. AUD/NZD has rallied after an impressive Aussie jobs report, superseding any positives from a beat in the New Zealand Gross Domestic Product report earlier int he day. The technical picture has shifted to neutral following the aggressive spike and has resulted in a breakeven trade for the AUD/NZD swing trade that was otherwise 50% on its way towards the target. AUD/NZD Price Analysis: Update, short position now risk-free for 3R As it stands, the… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
