Standard Chartered is out with a note recommending to buy EUR/NZD in a trade that’s pretty much the definition of fighting the trend. In any case, after yesterday’s New Zealand CPI report it might be a battle worth fighting and they’re not looking for too much upside.
In any case, they’ve entered the trade at 1.5560 with a target of 1.5730 and a stop at 1.5370.
EURNZD daily
