My thoughts on AU
95 is ideal place to short.Lots of confluence
If NZ increases the rate to 3 on April 24th (very likely)
I anticipate NU 8750-88 within a week or less and that will push Aussie up as well since both these pairs mostly move in unison.
Plan
Short AU at 95
Short NU 87+
At those levels both will be overstretched to max and you will have great edge on short side
95 is ideal place to short.Lots of confluence
If NZ increases the rate to 3 on April 24th (very likely)
I anticipate NU 8750-88 within a week or less and that will push Aussie up as well since both these pairs mostly move in unison.
Plan
Short AU at 95
Short NU 87+
At those levels both will be overstretched to max and you will have great edge on short side
In trading, you have to be defensive and aggressive at the same time