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22 Mar 2013
Forex Flash: AUD/NZD, short looking for 1.23 - Westpac
FXstreet.com (Barcelona) - AUD/NZD was taken down to 1.2550 where it consolidates now, on the back of positive GDP figures in New Zealand, which has led to the future rates market pricing an RBNZ hike at 35% by year end now.
According to Westpac: "We are short the AUD/NZD cross from 1.2560 and will sell more on a move closer to 1.2600. Our stop on the topside is 1.2690, wile our downside target is 1.2300."
According to Westpac: "We are short the AUD/NZD cross from 1.2560 and will sell more on a move closer to 1.2600. Our stop on the topside is 1.2690, wile our downside target is 1.2300."