Today's trade call is to buy AUDNZD at 1.0950, or a more aggressive at market. Stops should be placed at 1.0866. The RBA meeting is past and as was expected, rates held steady at 2.0% with the RBA striking a fairly positive tone which should keep the AUD supported vs the NZD going into the RBNZ...
Today we like buying AUDNZD after the RBA rate statement. A more aggressive approach can be to enter at market targeting 1.1400 with a stop at 1.0995. A more conservative approach will be to wait for a pullback to the 1.1150 - 1.1100 zone where we see multiple confluences of support.
Current...
Today we are looking to buy AUDNZD from current market price or on a pullback to 1.0850-1.0800 area. AUDNZD buying opportunities occurs on the back of positive AUD GDP and speculation of rate cuts from RBNZ. Conviction level is 6/10 for market entry and 7.5/10 for an entry in the low 1.08s...
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