AUD/NZD trade recommendation - long citing data surprises, central bank pricing

Nordea the bank recommending a long AUD/NZD

targeting 1.0650 (I haven't seen a stop level as yet)

• Citing:
• difference between Australian and New Zealand economic surprises indexes
• and spill over into pricing for the RBA and RBNZ

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Reco prior to this strong result from NZ just a few minutes ago:

• NZ data - Q4 retail sales (excl inflation) +1.7% q/q (expected 0.5%)

Which has offered an improved entry price if you like AUD/NZD ….