Flash: MT traders should look to accumulate AUD/NZD longs on weakness - ANZ

FXstreet.com (Barcelona) - Relative AUS/NZ fundamentals favour NZ, however, much of this advantage seems to be already priced in the cheap exchange rate, according to Richard Yetsenga, FX Strategist at ANZ.

Key Quotes

"We recommend that those with medium term time horizons look to accumulate AUD/NZD on weakness."

"While the cross is fully priced, the catalysts for a meaningful rebound are not yet in evidence in the short-term. For those more
sensitive to shorter-term price action, therefore, we recommend a more tactical approach to the cross until catalysts emerge."