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25.08.202111:22 Forex Analysis & Reviews: Trading idea for AUD/NZD

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.

AUD / NZD remains in a downward trend. It declined as much as 5,000 pips since February this year.

Currently, it is trading at 1.04, where traders can build up buy orders to provoke an increase.

Exchange Rates 25.08.2021 analysis

Usually, orders are placed on cross-rates after large movements that did not have any pullbacks. Doing so typically provokes a 5,000-pip movement, while some set off as much as 30,000. Pairs that undergo the littlest bustle are called short-strokes, and this include AUD/NZD and AUD/CAD.

In most cases, orders are put up every 500 pips, with volume at 0.01 STANDARD lot for every $ 1000 of the deposit. The target level is generally the mirror level.

This strategy is called Grid Trading.

Good luck and have a nice day!

Andrey Shevchenko
Analytical expert of InstaForex
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