AUD,NZD/Trade Ideas

AUD/NZD: Could this be the next big cross play?

The NZD has taken a bit of a beating after the CPI data came in quite a bit below expectations (-0.2% in Q4 against +0.1% expected).

As we are in the time of the cross plays, maybe AUD/NZD is worth consideration, seeing as its just broken above its recent range highs at 1.2600. Looks like it could easily go to 1.3000 again?

Leave a Reply

Your email address will not be published. Required fields are marked *