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BKSWING – New AUD/NZD Order 10.09.2014
Australian employment numbers are scheduled for release this evening. The Australian government already indicated that the data will not be seasonally adjusted and the same will apply to last month’s report which means that the basis that investors are keying off of for the previous data is 32k and not 121k. Based on the rise in the employment component the PMIs, we are looking for a stronger number and are therefore laying out the following order to take advantage of the potential opportunity:
1. Place order to Buy AUD/NZD at 1.1327
Stop at 1.1267
Close 1/2 at 1.1357, move stop to breakeven
Close rest at 1.1485