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💱🔺 Recommend AUD/NZD Long On Policy Convergence: Goldman Sachs Strategy

  • Recommend tactical long AUD/NZD on RBA/RBNZ monetary policy convergence

  • AUD/NZD tactical long target at 1.0850, stop at 1.0600

  • We see near-term convergence likely emerging from the RBNZ side, rather than the RBA

  • Similar beta to risk should cushion for swings in market sentiment

- Goldman Sachs Strategy

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