Well the trade got stopped . I have feeling traders go for massive stop hunt towards 1.0500 or so and then the pair rallies.. Not going to touch now until next year and closely watching my long term stat arbs to give me clues. Most likely Aussie bottoms out end of first quarter 2014.
Monday, December 16, 2013
Long AUD/NZD Nov 10th 2013
Long AUD/NZD trade ! I consider this pair as very notorious and relatively less predictable than EUR crosses. . Dont like it but tempting when one looks the pair approaching a 20 year trendline from 1990 and Kiwi being adamant at highs. Yes yes economists argue Australia going through structural issues.. Miners struggling , Dis inflationary threats , China etc etc
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