dynamiquebd

AUDNZD -WHATS WRONG WITH THIS PICTURE

Short
FX:AUDNZD   Australian Dollar / New Zealand Dollar
AUD bond yields have been declining relative to that of NZD. Price is trending downwards nicely to reflect the bond yields but price is resting towards the monthly lows that could provide a strong support. we are seeing a maxed positioning in AUD sentiments but the seasonal forecast may defy the bearish play. would consider a strong sell if price can break below monthly low

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.