FXStreet (Barcelona) – Imre Speizer of Westpac, offers the outlook for AUD/NZD, expecting a move higher towards 1.1580 over a 1-3 month view.
Key Quotes
“AUD/NZD 1 day: The reversal which started two days ago has the potential run much lower. We target 1.1115 during the days ahead.”
“AUD/NZD 1-3 month: The RBA will probably remain on hold (albeit with easing risk), while the RBNZ is currently in easing mode. Expected RBA vs RBNZ direction thus favours AUD/NZD over the medium term. The next major target is 1.1580”
(Market News Provided by FXstreet)