AUDNZD broken short, sell previous support
AUDNZD grinded along the support area for most of the week with a short lived break lower on Friday, this short provide good short opportunity on a rally,
The Aussie election looks to be the culprit for the weekend gap and will continue to weigh with possible rating agency cuts on the horizon with a hung parliament making economic decision making.
RBA decision early in the week, on hold expected, new government and a new RBA governor soon gives on hold better bias, and although this priced by market we expect a move higher on the result and will look to fade this as well
The Aussie election looks to be the culprit for the weekend gap and will continue to weigh with possible rating agency cuts on the horizon with a hung parliament making economic decision making.
RBA decision early in the week, on hold expected, new government and a new RBA governor soon gives on hold better bias, and although this priced by market we expect a move higher on the result and will look to fade this as well
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