AUDNZD Buy

### Trade 1 - Buy AUDNZD Analysis

#### Factors Overview:

1. **Seasonals**:
- NZD is bullish (25 Nov - 11 Dec), while GBP is neutral.
- **Bias**: Slightly favors NZD.

2. **COT Index**:
- NZD at the bottom, GBP near the top.
- **Bias**: Favors AUD due to stronger relative COT positioning.

3. **Non-Commercials**:
- GBP shows "Buy," while NZD indicates "Sell."
- **Bias**: Favors AUD.

4. **Endogenous Factors (Endo)**:
- NZD is decreasing, while GBP remains neutral.
- **Bias**: Supports AUD.

5. **Exogenous Factors**:
- **GDP**: Positive for GBP, negative for NZD → Favors AUD.
- **BOP Change**: Negative for GBP, positive for NZD → Favors NZD.
- **Stocks**: Positive for GBP, negative for NZD → Favors AUD.
- **IR (Interest Rates)**: Positive for GBP, negative for NZD → Favors AUD.
- **Overall Exogenous Score**: GBP (32.5), NZD (-150).
- **Bias**: Strongly supports AUD.

6. **Conditional Scoring**:
- Positive: GBP (10), NZD (13).
- Negative: GBP (5), NZD (5).
- **Bias**: Slight advantage to NZD on positivity score, but largely neutral.

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#### Final Bias:
Despite the seasonals favoring NZD, the combined COT, endogenous, and exogenous factors strongly favor AUD.

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#### Trade Bias: **Buy AUDNZD**