OctaFX | OctaFX Forex Broker
Open trading account
Back

AUD/NZD: A tactical buying opportunity – ANZ

ANZ analysts suggest that the recent sharp decline in AUD/NZD is providing a tactical trading opportunity as tension in the Middle East eases, relative economics will return to focus, and on this front the cross has overshot.

Key Quotes

“We recommend a tactical long AUD/NZD position at 1.0385, with a target of 1.0620. We would reassess the trade on a break below the March 2019 closing low of 1.0290.”

“The AUD/NZD has fallen precipitously in the last couple of weeks, re-testing the lows of 2019. While to some degree a touch of weakness is justified, given the relative stabilisation in the New Zealand economy alongside sustained weakness in Australia, we think this has now gone too far.”

UK employers hired more permanent staff for the first time in a year

As per the latest figures from the Recruitment & Employment Confederation (REC), shared via Reuters, British employers are increasing permanent staff.
Read more Previous

EIA: India's oil demand growth set to overtake China by mid-2020s

According to the latest report published by the International Energy Agency (IEA) on Friday, India's oil demand growth is likely to outpace China’s by
Read more Next
Start livechat