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BKSWING – 2 Post NFP Orders 05.02.14
While we do not want to be in any live trades pre-NFPs, there are 2 attractive opportunities post data. NZD has been performing very well this morning, if non-farm payrolls beats, we should see an extended rally in NZD/JPY. AUD/CAD should also benefit from stronger data with the CAD strengthening on good U.S. numbers.
1. Buy NZD/JPY at 89.37
Stop at 88.77
Close 1/2 at 89.67, move stop to break-even
Close rest at 91.25
2.Sell AUD/CAD at 1.0092
Stop at 1.0152
Close 1/1 at 1.0062, move stop to breakeven
Close rest at 0.9927