Crédit Agricole with Long recommendation of AUD/NZD – SL: 1.0590 – TP: 1.1050

Crédit Agricole considers the possibility of a long position of AUD/NZD, citing several main reasons:

NZD is overestimated too much, bringing the pair to an over-sales area.
RBA sounds significantly more optimistic than RBNZ in terms of economic prospects and future monetary policy
Decreased US-China trade tensions should strongly support AUD.

Position Parameters:

Entry: 1.0748

SL: 1.0590

TP: 1.1050

 Trader Petar Milanov

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