This from via eFX:
Societe Generale Cross Asset Strategy Research promotes buying AUD/NZD dips following the RBA October meeting.
"The RBA is in no kind of hurry, and commodity prices don't help the AUD, but when they do indicate they're ready to go, it'll still be a surprise.
Any and all chances to buy AUD/NZD at the lower end of the trading range should be taken advantage of," SocGen argues.
Meanwhile, SocGen maintains its call for selling JPY via a long CAD/JPY exposure.
"Technically, an inverted Head and Shoulder pattern at the decadal support line makes CAD/JPY the most definite bullish configuration among Yen crosses," SocGen adds.
