Australia Feb National Australia Bank's Business Conditions down to -3 vs -2

With AUD/NZD last at 1.2450, off Friday's 1-month highs at 1.2484, 50% Fibo retrace of daily down leg 1.2831/1.2137, ANZ bank is looking “to re-instigate AUD/NZD longs at 1.2440, targeting a move to 1.2650,” the analysts say, setting “a stop at 1.2330 (we took profit on our long AUD/NZD trade at 1.2470, instigated 19 February at 1.2240).”