AUDNZD Short - based on fundamentals

20 Des 2016

There are weak data coming from Australia and also possible holiday weakness on AUD. On the other hand fundamental outlook on NZD is neutral, maybe even bullish as there will be latest GDP data coming in a few hours. I think it is a good opportunity to enter to short trades in these moments. SL and TP as on chart. We have a fair RRR - 1:2 to 1:3.

dailyfx.com/forex/fundamental/forecast/weekly/aud/2016/12/17/Australian-Dollar-Could-Be-Vulnerable-to-Holiday-BluestofDC.html