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AUD/NZD selling opportunity - ANZ

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 1, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Guatemala) - Analysts at ANZ noted the opportunity in an 'on hold' RBNZ in AUD/NZD.

    Key Quotes:

    "The AUD has rallied strongly on the crosses with global market sentiment and a re-pricing of the RBA both contributing to this rally.

    The NZD has underperformed, with the consensus being for further easing at the December RBNZ meeting. We do not share this view.

    We recommend selling AUD/NZD at 1.0990 with an initial target at 1.0730 and a stop at 1.1110."
    For more information, read our latest forex news.
     

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