audnzd

anyone watching this one? nzd shot up after a tax relief anouncement by their finance minister, but the same guy came out today around 5 pm EST saying the markets overreacted to the plan and that the central bank will proceed to cut rates at its next meeting.

therefore I would think it a good time to enter this trade to ride this huge longer term movement going on down under. kicking myself for being hesitent around the 1.17 level

nice potential entry here if we get a bad housing consent announcement at 7:45 EST, aussie in strong uptrend versus NZD

First trade in forex ever!!! Crossing fingers.. I think the strong correlation will come back and the overbought pair will retrace, hopefully to 1.2000