AUD/NZD long: Low hanging fruitAustralian Dollar / New Zealand DollarFOREXCOM:AUDNZDjvrfxalertsHello traders. Another week, another challenge to navigate this geopolitical mess we are in. AUD is extremely overbought against the Kiwi but as we know, an elevated RSI reading is a good sign, not a reason to start selling. The RBA is expected to raise rates tomorrow but as always, check the statement and beware of knee jerk reactions. Fundamentally both economies rely on petroleum imports to drive transportation. Australia has an abundance of natural gas and coal for electricity production and industry but like any developed economy transportation(road, rail air, seafaring) is at risk with higher oil prices. New Zealand is in the same boat albeit with about 85% of electricity production delivered by renewable resources. Go Kiwis! I wish the USA had the leadership to continue the development of clean and renewable energy. The AUD 10Y yield is currently at 4.96% and NZ at 4.72. Not a massive difference but Australia is known to have a robust economy while NZ has been cutting rates to stimulate the economy. As for the Iran war? Your guess is as good as mine. The end of the war is nigh but HOW it is going to end is the million dollar question. Regime change in Iran-unlikely. US boots on the ground in Iran? God forbid but likely. Boots on the ground on Kharg island? I think that is the only solution to end this insanity. It will choke Iran's economy to the point of total collapse but both sides know it will come with a high human cost. I am wondering to what extent the whales in the market are already pricing in an end to the war and the subsequent unwinding of USD positions? In the meanwhile, treat any rebound as exactly that. A technical correction. However, with a weakening USA labor market, IF anyone takes a very small short USD position, it may be very profitable over time. Also, consider the witch hunt of FOMC chair Powell to be over despite Jeanine Pirro's statement that she is laser focused on the legal lane. Not that it ever stopped her from mixing legal and political statements on Fox. LOL. Keep an eye on the usual suspects during times of uncertainty and elevated geopolitical: USD, CHF, JPY, Gold and even BTC. I am long AUD/NZD at 1.2080. Best of luck.