Commentary
Add as a preferred source on GoogleQuotes from Westpac Research:- AUD/NZD 1 day: Momentum remains firmly negative, suggesting 1.0330 is vulnerable.- AUD/NZD 1-3 month: A sustained break below 1.0350 would motivate the market to push it significantly lower…
Quotes from Westpac Research:
- AUD/NZD 1 day: Momentum remains firmly negative, suggesting 1.0330 is vulnerable.
- AUD/NZD 1-3 month: A sustained break below 1.0350 would motivate the market to push it significantly lower. While there is arguably too much easing priced into the AUD, markets easily overshoot. That, combined with less appetite to short the NZD since the RBNZ's on-hold reaffirmation, makes trying to pick a bottom a risky affair.
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