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12.11.202013:30 Forex Analysis & Reviews: Trading idea for the AUD/NZD pair

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 12.11.2020 analysis

As per technical analysis, the AUD / NZD pair has moved 5,000 pips for the past 3 months.

Taking into account this development, the most favorable strategy for gaining profit in the pair is to open long positions from the level of 1.05500.

Exchange Rates 12.11.2020 analysis

Such is expected to trigger a good pullback, after the breakouts of large monthly highs.

This strategy is the most fitting because in most cases, quotes, after prolonged recoilless movements, usually roll back by half of its turn.

In this method, trading volumes are recommended to use small 0.03 standard lots for every $ 1000 of deposit. Positions will be spread out by setting several limit orders, in increments of 500 to 1,000 pips, as shown in the chart above.

Of course, traders still need to manage and control the risks in order to avoid losing profit. As we all know, trading in this market is very precarious and uncertain, but also very profitable provided that we use the right strategies.

Good luck!

Andrey Shevchenko
Analytical expert of InstaForex
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