Staying with the Australian/New Zealand theme, as I have posted in this forum earlier today the Australian employment report disappointed forex traders and led to a strong sell-off in the Australian currency. I like to trade when others head for the exits and I think there is plenty of value in the Australian Dollar.
My favorite trade right now is the AUDNZD. I think the sell-off in the AUD was way overdone (even last year) and think that the downside is limited. I have to admit that I was surprised how bad the report was, but it is only one report so I am looking forward to the next one.
My favorite trade right now is the AUDNZD. I think the sell-off in the AUD was way overdone (even last year) and think that the downside is limited. I have to admit that I was surprised how bad the report was, but it is only one report so I am looking forward to the next one.
