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Thomson Reuters
Jun 04 - 01:24 PM
AUD/NZD: No Strong Views Here; But Look To Fade Moves Outside 1.05-1.10 Range - NAB
First appeared on eFXplus on Jun 04 - 11:30 AM

NAB Research discusses AUD/NZD outlook and adopts a neutral bias around current levels but looks to engage on fading moves outside of 1.05-1.10 range.

"We don’t have any strong views on AUD/NZD at present.  At around 1.08, the cross is trading close to our short, medium and long term fair value estimates. 

Anything outside a range of about 1.05-1.10 presents a trading opportunity and there have been a couple of those this year. But our forecasts through the year remain anchored within that rang," NAB argues. 

NAB Research/Market Commentary


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