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CIBC have entered a short AUD/NZD.......>

AUSSIE-KIWI
AUSSIE-KIWI: CIBC have entered a short AUD/NZD position at NZ$1.0690, with a
target of NZ$1.0620 and a stop at NZ$1.0760. Their PCR model notes that "the 1M
z-score of 1.7 is at extremes relative to the minimum threshold needed for mean
reversion, at 1.5. Our estimated holding period is around 2 weeks"
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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