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04.08.202113:15 Forex Analysis & Reviews: Trading idea for AUD/NZD

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

The strategy presented last July 26 was to set up buy orders in AUD / NZD.

Exchange Rates 04.08.2021 analysis

Yesterday, the pair managed to gain as much as 1,000 pips, but now the price has declined and lost about 600 pips.

Exchange Rates 04.08.2021 analysis

If you are yet to open a set of long positions, it is best to take a closer look at the market before placing limit orders. Then, make sure that the deals are put every 500 pips. The volume should also be 0.01 standard lot for every $ 1000. Good luck!

(Grid Trading is used to develop this strategy)

Andrey Shevchenko
Analytical expert of InstaForex
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