Most investment houses predict the next year AUDNZD at 1,13-1.15. This month AUDNZD declined significantly.
The reason for the decline was introduced in the last days of speculation about a possible rate cut by the Reserve Bank of Australia.
I do not think that the upcoming meeting next week RBA confirm these market expectations.
Even if AUDUSD will continue to fall as a result of the general strengthening of USD, NZD will not escape this fate.
In my opinion the current decline is a correction AUDNZD trend emerged at the beginning of this year the trend.
Perhaps we should buy AUDNZD based on growth in the region of 1.13 in the next 4-6 months. McAuley NICHOLAS LUDANOV
