Analysts at both SocGen and BNP Paribas are recommending AUD/NZD longs today.
- BNP targets 1.25 with a stop at 1.1845, saying the pair is overstreched
- SocGen targets 1.2350 with a stop at 1.1900 saying the RBA won’t cut in June, Australian exports are recovering and 1.2000 provides a base of support