AUD

AUD NZD brings back some good memories of the earliest days of this blog! At the time I saw the upside potential on this pair there wasn't much else around in the way of high probability trades. Even this swing long was a little nerve racking early on as it just took so much time to do anything, only being kept in the trade by the fact that I was getting paid positive interest due to the interest rate differential between the 2 currencies.

Not a great deal to say about AUD NZD and although the chart does show some mildly bearish possibilities, I remain bullish until the August 1.2319 low is broken on a daily close. My earlier swing long attempt ended with the trade being stopped out right where the horizontal red line is shown on the chart. That's pretty frustrating, but hindsight makes it clear that