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17.08.202112:08 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.

Exchange Rates 17.08.2021 analysis

As presented on August 4 , AUD / NZD rose, thanks to the buy orders set in the market. The move happened after the release of policy decisions from the Bank of Australia.

Plan:

Exchange Rates 17.08.2021 analysis

Result:

Exchange Rates 17.08.2021 analysis

Congratulations to those who followed the strategy!

All in all, the movement amounted to 1,200 pips. The limits should now be closed to claim profit.

The plan made use of the so-called "Grid Trading" method.

Have a nice day!

Andrey Shevchenko
Analytical expert of InstaForex
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