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NickSutton

AUDNZD Undervalued

Long
Australian Dollar / New Zealand Dollar (FX:AUDNZD)  
NickSutton  
FX:AUDNZD   Australian Dollar / New Zealand Dollar
Fundamental Analysis audnzdlong
3
0
fundamental audnzdlong
The Aussie dollar is undervalued and oversold, the bulls have been selling off on the rallies 2 early and only looking at technical analysis.
With the increase in Ore, Gold and Lithium prices this should help the RBA reach its inflation and wage targets.
RBNZ is expected to hold rates at 1.75 for 2019-20

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