Time to long NZD soon?Upper monthly Bolinger bands are touched and LTF shows some exhaustion in this run up of AUDNZD.
NZD is seasonally very strong in November. Possible short of AUDNZD soon? or will AUD rally up to break beyond?
Hedging against Trump's reelection may suggest that AUD will weaken in many pairs, and NZD is less sensitive to Trump's policies due to less economic ties with China.
Same play can possibly be made by shorting GBPNZD as market may be underpricing BOE's dovishness and GBP seems overvalued slightly, although it seems that GBPNZD may rally slightly further up for a few more days before reaching its major resistance.
What do you think?