AUD/NZD in short term range-trading phase - FXWW

FXStreet (Bali) - According to Sean Lee, Founder at FXWW, AUD/NZD looks set to extends its range trading conditions 1.0920/1.1060 for the next few sessions.

Key Quotes

"Like most FX pairs, and perhaps even more than most, AUD/NZD spends the vast majority of the time range trading. We really should not be trying to pick the trending direction, rather we should be picking the range-timing and the range edges."

"We are now in a short-term range-trading phase and I’d suggest that 1.0920/1.1060 will be the levels to watch."