Revisting AUDNZD

We bring back AUDNZD to the Premium signals after each of our last two trades in July and March hit their final targets at 180 pips and 300 pips respectively in the cross. Nearing 8–month highs, AUDNZD may be reaching another top as RBA Governor Stevens is set to speak later this week? Or, will the Aussie break on through the 1.10 ceiling as New Zealand fundamentals deteriorate? We weigh these forces against the Aussie's volatile tendencies during falling equities. This trade as well as the AUDNZD Premium trade are in order ahead of Wednesday's semi-annual testimony and the Westpac leading index. Meanwhile, our GBPUSD and GBPAUD trades remain in progress ahead of Tuesday's UK CPI. Full details of trades & charts are found here.