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AUD/NZD a buy for 1.06 – ANZ

FXStreet (Barcelona) - Daniel Been and Sam Tuck of ANZ, see fundamentals playing spoilsport for a AUD/NZD move towards parity, and further suggest going long on the pair, targeting 1.06.

Key Quotes

“The AUD/NZD cross has had two attempts at parity and on both occasions fundamentals have stalled the momentum.”

“An incremental fundamental shift can have important consequences for the cross as it shifts the rhetoric of the two central banks closer together.”

“We believe we are approaching such a point and recommend buying AUD/NZD at 1.0230, with a stop at 1.0050 and an initial target of 1.06.”

Greece deal: A well-calibrated strategy or tactics to precipitate an accident? – RBS

Richard Barwell, Senior European Economist at RBS, refutes to have ‘Grexit’ as a base case, but notes that the probabilities of a default and ultimately exit are both rising with the endless delays and tactical mis-steps.
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USD/CAD drops to lows near 1.2220

The greenback is now losing the grip vs. its Canadian peer, dragging USD/CAD to visit intraday lows in the 1.2220 area...
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