FxWirePro Call Review: Maintain short positions in AUD/NZD; interim targets added

Bank in February, in an article named, “FxWirePro: Sell Aussie against Kiwi targeting parity test”, available at https://www.econotimes.com/FxWirePro-Sell-Aussie-against-Kiwi-targeting-parity-test-1157978 we suggested,

“Our calculations suggest that while the Aussie has declined more than 500 pips since October, further decline is likely. We would recommend selling the Aussie against the Kiwi at the current rate of 1.076 and at rallies of every 75 pips with a target of parity test against the Kiwi Dollar.

The stop loss for this trade should be maintained at 1.108 area which is 320 pips from the current price.”

Since then, the AUD/NZD has declined further and is currently trading at 1.066. In this article, we would like to add the following interim targets

Target 1 - 1.05

Target 2 - 1.036