AUDNZD: 1:4 Risk Reward LONG
AUD Fundamentals:
- "International Monetary Fund shows that Australia's economy is 'robust and resilient'."
- Australia's economy, solid infrastructure and labour market, warnings about the downturn in the housing sector and stagnant wage growth
- Quant score +20
NZDFundamentals:
- Quant score -14
- "The Reserve Bank of New Zealand is braced for strong opposition from Australia's big four banks to its $8 billion capital call that it says will eliminate an unfair advantage between lenders." - Financial Review
- New Zealand starting to introduce capital gains tax, could potentially cause business leaders profitability to drop and in doing so reducing spending in areas such as employment, consumption and premium goods. Which all directly impact GDP.
Technicals:
- 4HR Buy zone
- 4HR Morning star earlier this month
- 4HR Bullisj engulfing candle confirmation
Feel free to message me if you want to access the quant scores!
- "International Monetary Fund shows that Australia's economy is 'robust and resilient'."
- Australia's economy, solid infrastructure and labour market, warnings about the downturn in the housing sector and stagnant wage growth
- Quant score +20
NZDFundamentals:
- Quant score -14
- "The Reserve Bank of New Zealand is braced for strong opposition from Australia's big four banks to its $8 billion capital call that it says will eliminate an unfair advantage between lenders." - Financial Review
- New Zealand starting to introduce capital gains tax, could potentially cause business leaders profitability to drop and in doing so reducing spending in areas such as employment, consumption and premium goods. Which all directly impact GDP.
Technicals:
- 4HR Buy zone
- 4HR Morning star earlier this month
- 4HR Bullisj engulfing candle confirmation
Feel free to message me if you want to access the quant scores!