Thoughts on AUDNZD and NZDUSD

Monday, June 9, 2008

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