The diverging monetary policy between the RBNZ and the RBA sets the stage for the potential of the AUD to rise against the NZD.
 
the RBNZ is looking to adopt negative interest rates, while the RBA has stated they are not considering them at all.
 
I have set this as a longer-term position, should any changes to policy occur I will close and re-evaluate at the time.
 
Once past a BE scenario, I will trail my stop up via swing lows and not employ a set TP.
 
Forecasts at current are for a cumulative 40 Basis point cut between now and June 2021

AUDNZD Monthly

Dec 01 2020

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