bajapips

AUDNZD LONG

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FX:AUDNZD   澳元/紐元
This afternoon the Aussie released its monthly employment change which happen to be over 4 times greater than last month. This is a strong indication for short term spikes to the upside for Australian pairs. The technicals point towards a bullish engulfing candle on the 1 hour timeframe along with plenty of other factors ( too many to name) such as the recent double bottom around 1.0614 support on the 15 minute timeframe. I'll be looking to take this pair up as much as 500 pips in the longer term, but ill take my first profits once the short to intermediate term target is reached around 1.0900 resistance.

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