Sunday, June 8, 2008

Thoughts on AUDNZD and NZDUSD

Both of these currency pairs have moved a long away against carry positions.

It might be time to consider shorting some AUDNZD and going long some NZDUSD. Take a look at the dailies [daily charts] and see if you think some type of reversal is in the works.

As always, remember I'm a carry trader, so I'd buy a small position that I'd be happy to hold for the long term in the event that I was mistaken.

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