With RBA cleared and taking a less dovish than expected path we have finally unlocked the topside. Both RBA and RBNZ policy diverging from expectations AUD and NZD are starting to look very attractive towards the buy side again and offer good opportunities for longer term swings into year-end.
We are trading a swing to the topside with entry 0.675x, target 0.683x and hard stop below 0.671x. Best of luck all those positioning for the Quarterly end flows. Whispers of the "Giant Panda" sitting on the bid once more with Impeachment back in play.
Thanks for keeping the likes and comments coming; as always jump in with your ideas on AUD!
We are trading a swing to the topside with entry 0.675x, target 0.683x and hard stop below 0.671x. Best of luck all those positioning for the Quarterly end flows. Whispers of the "Giant Panda" sitting on the bid once more with Impeachment back in play.
Thanks for keeping the likes and comments coming; as always jump in with your ideas on AUD!
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As widely anticipated we held the lows on the daily and weekly at the end
