Using AUDNZD as a strategic hedge (intraday flows)
If we see a rebound in trade talks here it will help AUD more than NZD. RBNZ is still playing catch-up on the dovish RBA so we have room to the upside here (see attached: "AUDNZD 5th wave complete") for signs of the bottom in a large macro 5 wave sequence.
It is advanced positioning using this as a strategic hedge with the NZDJPY longs as we can isolate JPY from the trade war flows.
Best of luck all those with hopes of global green shoots!
It is advanced positioning using this as a strategic hedge with the NZDJPY longs as we can isolate JPY from the trade war flows.
Best of luck all those with hopes of global green shoots!
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A final push here for the close will do it.
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Well done all those riding the moves here.
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