Both the AUD and NZD have been benefiting from recent US dollar weakness.
This trade is a short-term trade looking for a little weakness before getting long.
I'm looking for a pullback to the support zone before getting long, setting a conservative stop and profit target.
This is despite JP Morgan expecting further declines as they anticipate the RBNZ cutting rates to 0% or below as early as November.
According to PoundSterlingLive, only the Aussie dollar has been a better performer across the G10 currencies.

NZDUSD buying weakness on further pullback to support 2.1RR

Dec 01 2020

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