AUDNZD Biased Long
RBNZ statement last week had a dovish bias, with governor Orr clearly saying he likes a weaker NZ Dollar. Weak PMI data overnight also helped.
Momentum is strongly bullish now, and amongst the various pairs for playing NZD weakness, we like AUDNZD for now. - J.P.
Momentum is strongly bullish now, and amongst the various pairs for playing NZD weakness, we like AUDNZD for now. - J.P.
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