Barclays with a trade recommendation for the week ahead

The bank notes its "valid from the Wellington open Monday morning to the New York close Friday."

Citing:

A likely neutral-dovish RBNZ Monetary Policy Statement and press conference this week that reflects recent data disappointment should weigh on the NZD, in the context of impending policy and political uncertainty.

Our technical, seasonal and positioning analysis suggests longs in AUDUSD are more compelling than those in NZDUSD

As such, we recommend ... initiating a tactical long AUDNZD trade this week targeting 1.0845, just below recent highs with a stop loss at 1.0605 below the 200-day moving average (spot ref: 1.0684) for a reward-to-risk ratio of c.2:1.

(Note, this from a Barclays note date August 6 ... so I'm a wee bit late with it - posted for educational value though I suppose!)