AUD/NZD: Look for sell opportunities especially if .8850 breaks in NZD/USD

I know it’s silly to be talking about selling the AUD/NZD at these historically low levels but most indicators seem to be pointing lower.

• NZ interest rates are headed higher whilst we still could have another rate cut in store for Australia;
• The Australian mining industry continues to cool but the New Zealand dairy industry consolidates recent strength;
• Recent economic data in Australia does not give rise to much hope of a sudden resurgence.

If .8850 breaks in NZD/USD, then I will look for good entry levels in AUD/NZD.