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Mar 31 - 09:55 AM

AUD/NZD: Buy The Bottom Of This Range And Sell The Top - ANZ

By eFXdata  —  Mar 31 - 08:25 AM

ANZ Research likes to buy AUD/NZD around 1.06, and sell it around 1.09.

"The AUD’s stronger external balance and steeper discount to fair value are providing a floor, we see AUD/NZD range trading between 1.06 and 1.09 over coming months.

As such, we recommend buying the bottom of this range and selling the top," ANZ notes. 

ANZ Research/Market Commentary


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