AUD Versus NZD: A Fundamental Outlook and Trade
Fundamental Outlook:
It has been a hawkish month for the Reserve Bank of Australia. The recent meeting suggests that their guidance ramps up into a more hawkish tone. Both monetary and fiscal policies are aussie positive, so far. One thing I keep in mind is their fiscal policy in response to the current covid-19 lockdowns.
I believe that the Reserve Bank of New Zealand is overly hawkish, given their currency price. For the next few weeks, the AUD currency give us a more underdog positioning to exploit versus the NZD currency.
https://www.tradingview.com/chart/AUDNZD/dxvPzuT6-AUD-Versus-NZD-A-Fundamental-Outlook-and-Trade/
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