In my previous article, I have already outlined three key reasons to sell the Australian dollar - specifically, against the Canadian dollar. Indeed, since that article was published, AUD/CAD has lost almost 2.0% in value and the pair is still trading within the descending channel. In this article, I would like to outline three reasons to short the Australian dollar against the New Zealand dollar (short AUD/NZD).
Reason One: Technical Set-Up
While AUDNZD is still trading within the ascending channel, it has failed to set a new high for almost a week now. Therefore,