AUDUSD took ages, but finally confirmed the monthly rally we were anticipating. I already rode it up from the bottom practically, but took profits today at 0.8040. I will try to rejoin this once we get a short term entry signal or if we hit monthly support below. For now, I'll wait and watch. The good thing is this is a big monthly trend and the target is significant, so we can get a lot of great daily trend signals on the way up, and countless add on trades too. Great time to trade Forex, after an excruciating sideways period of like 16 months.
@HeityGloria, not necessarily...New Zealand is a WAY smaller economy, has nothing to do with Australia, other than proximity and mining. AUDUSD is akin to a China long...
HeityGloria
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@IvanLabrie, Some time ago you were suggesting aud/nzd buy. Which I succesefully closed some time ago. Is there any potential to long now in your opinion?