Goldman Sachs revise the forecasts for the Australian dollar higher (& for NZD lower)

I posted yesterday on GS' RBNZ rate cut call:

• Goldman Sachs on the RBNZ - rate cut in May

Following up now with comments on Australia :

• GS expect RBA to remain on hold, as economy is staying resilient despite house market issues
• Australia to benefit from improving market sentiment on the Chinese economy (stimulus coming through, also potential for resolution of trade tensions with the US)

Forecasts from the bank:

AUD/USD

• three month 0.74
• six months 0.75
• from 0.72 and 0.73 respectively the prior call

NZD/USD

• 0.68 three months
• 0.69 six month
• from previous 0.70 0.71 respectively

GS like AUD/NZD, buy around 1.0525

• target 1.09
• stop 1.03