TD with a trade recommendation to buy AUD against the NZD

TD citing:

  • two-year spreads suggest AUD/kiwi should trade higher
  • in house modelling putting fair value at 1.06, but should go higher if growth, trade tensions ease

Profit target is 1.0950

  • stop-loss 1.0300

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Please note this was issued prior to the AUD have a little pop on the jobs data: