AUD/NZD: Upside favoured over the medium term – Westpac

By FXStreet FXStreet (Bali) – Imre Speizer, FX Strategist at Westpac, continues to favour AUD/NZD upside, noting the next major resistance at 1.1580.

Key Quotes

“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 upside over the medium term. The next major target is 1.1580.”
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Source:: FX Street