I entered into a long AUDNZD trade here in the Asia session .
Market uncertainty post NZ elections should weigh on Kiwi . The final vote count is expected on 7th October with little chance of a coalition being announced in the short term . NZ business confidence and Activity outlook data both came in weaker in today’s session, with Confidence falling to a 2 year low .
Price stalled at the 38.2% of the Jun/Sept low-high. 1.0940-80 is a prime entry point for longs, or any pullback towards 1.09. My profit target is the September highs 1.1140’s, or beyond ..
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