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General Forex Discussion
AUDNZD - Can it rebound?
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[QUOTE="Rambo35, post: 57691, member: 23736"] I have bought this currency pair after the Australian unemployment report was released (I had a pending buy order in case of a disappointment and it was triggered during the Asian session). I think the AUDNZD is extremely oversold and while we are 100 pips off of our most recent lows my plan is to buy the dips as I think there is plenty of room for this currency pair to rally higher. I do not think that the Reserve Bank of Australia will cut interest rates due to one disappointment in the jobs data which made the sell-off that more of a buying opportunity to me. Those are just my ideas and not a trading recommendation. [/QUOTE]
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