13 Jan 2014
Flash: Long AUD/NZD with target of 1.1150 - ANZ
FXstreet.com (Bali) - ANZ is entering a long AUD/NZD at 1.0855 with a target of 1.1150 and stop at 1.0750.
Key Quotes
"The global backdrop provides a catalyst for AUD/NZD to rally in the short-term."
"Even when the US recovery trade again comes to dominate markets, the increased focus on the front end of the US yield curve suggests the NZD will be less insulated."
"More broadly, the economic divergences between Australia and New Zealand are well understood and quite fully priced in AUD/NZD."
Key Quotes
"The global backdrop provides a catalyst for AUD/NZD to rally in the short-term."
"Even when the US recovery trade again comes to dominate markets, the increased focus on the front end of the US yield curve suggests the NZD will be less insulated."
"More broadly, the economic divergences between Australia and New Zealand are well understood and quite fully priced in AUD/NZD."