Multiple Factors
Professional traders know how important it is to look at multiple factors when planning their trades. The more reasons or factors you use to back up a potential trade, the higher the overall probability of achieving a successful outcome.
In this article, Craig looks at the much talked-about AUDNZD pair, which has everyone on both sides of the Tasman wondering whether the time has finally come for the NZD to hold parity with its big brother the AUD. The AUDNZD pair has been steadily moving downwards over the last 12 months, but is that downtrend alone enough reason to place a trade and get into this market? What other factors will the professionals be weighing up and where will they be placing their trades?
Regards,
The TWP Team
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