The AUD/USD pair has been in a steep incline for weeks. The pair broke the 1.35 area, and showed that new highs were in order. After Wednesday’s RBNZ rate cut out of New Zealand, the pair has surged yet again.
The smartest move is to wait for a pullback, and hopefully to the 1.35 level. Shorts are highly discouraged in this pair as there is no real bear case for it. If we do not get a pullback to 1.35, it might be a while before a nice long set up shows up.
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