The high end of AUDNZD historical range

[muriloqa]

Hi,

When reading Robominer's manual I read the high end of AUDNZD historical range was 1.2966 and that the pair had so far a 2000 pip range.
I've just read this article that says AUDNZD has reached 1.3530 in 2000.
I read somewhere else the all time high for AUD/NZD is in the 1.4700 - 1.4800 range.
So the EA is based on a 5 year range? People should have been aware of that!
I'll need to have more funds ready if the price goes too high and I get closer to get a margin call.
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The AUD/NZD cross rate is poised to test recent resistance.

The countries are currently in different stages of their economic and monetary cycles, which has created the large disparity in the values of their relative performance.

Over the past 3 months, the Reserve Bank of Australia has raised their targeted interest rate 3 times each by 25 basis points for a total of 75 basis points. There is growing and strong speculation that the RBA will again increase interest rates at their upcoming meeting on February 3rd of 2010. At the same time, the Reserve Bank of New Zealand is on hold and has made it clear to market participants that they plan to hold interest rates steady until the middle of 2010.

A break of resistance at 1.2820, will lead to a test of 1.3530 high created in August of 2000.

Posted on 01/22/10 at 1:47pm by Louis Winthorp