This from earlier: Trade recommendation to short AUD/NZD
Adding a similar view via Credit Suisse, in an overnight note:
- We continue to like AUDNZD lower following the RBNZ yesterday
- market reluctant to significantly reduce spot exposure in either
- We believe there is more of a NZD short to be trimmed, whilst maintaining the AUD US/China souring exposure/global datadownturn of AUD
- Target 1.06 and a daily close below 1.07 required to get us moving
