AUDNZD’s Rally on Yield Differential Looks Overextended

Recent strength in Australian dollar has sent AUDNZD to the highest level in 2 years. Notwithstanding the second wave of coronavirus outbreak, and the renewed lockdown measures, in Victoria, Aussie has remained firm. While all major currencies have appreciated in light of the broad-based USD weakness, AUD is the strongest with over 25% bounce since […]
The post AUDNZD’s Rally on Yield Differential Looks Overextended appeared first on Action Forex .