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Sell AUD/NZD ahead of the RBA - Credit Suisse

Discussion in 'Technical Analysis' started by ForexLive, Oct 6, 2015.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    The break of 1.09 in AUD/NZD led to a trade recommendation from Credit Suisse. They said the break of the important level should open out scope for "at least" a test of 1.0750.

    "We expect a good dairy auction outcome in NZ this week to provide an additional NZD supportive catalyst. Meanwhile, we see a chance that the RBA's statement may echo the more dovish tone on China's growth outlook of the last set of minutes," they write.

    The RBA decision is due at 0330 GMT and all 27 economists polled by Bloomberg expect no change in the 2.00% rate.

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