"The AUD/NZD remains in a 1.05-1.10 range. The rate cycle in New Zealand looks to be fully priced for the current economic situation, and more recently the NZD has become more responsive to international news. Should this dynamic extend, it will likely add to AUD/NZD support."

"We continue to advocate a strategy of accumulating on dips with signs of economic or monetary policy convergence likely to drive a reversal of this cross toward historic averages."

A technical picture doesn’t get much more hornier than that which is why I bought in against those lows earlier on this year. The trade has stayed in the money in the main but I’m still awaiting the big breakout.
Scaling in a bit closer we have been in a shallow uptrend in 2014 and have been held up by the Dec 2005 former support line and the 2014 channel top. The 55 wma has also conspired to contain the break up.
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