AUD/NZD: Aussie medium-term outperformance against Kiwi intact supported by RBA
RBA has maintained a cautious hawkish stance which in turns supports the current medium-term uptrend phase of AUD/NZD
Source: marketpulse.com
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AUD/NZD Technical: Squeezed up towards key 1.0700 resistance ex-post RBNZ
An extreme NZD weakness may trigger a potential short-term bearish mean reversion of the AUD/NZD after RBNZ turned less hawkish
Source: marketpulse.com
AUDNZD technical breakout on RBA rate hike
The RBA’s surprise hike caught AUD/NZD traders with their guard down. As a result, the pair traded to its highest level since August 2018.
Source: cityindex.co.uk
After a booming month AUDNZD fails hard at key resistance
Over the last 3 days the pair held resistance and moved lower, helped on Monday by a surge in Q3 inflation from New Zealand
Source: cityindex.co.uk
Asian Open: Trading Volumes To Be Restored, RBA Up Next
With traders in the UK and US set to return to their desks we expect trading volumes to recover over the next 24 hrs. RBA hold their policy meeting at 11:30 AEST, although no change is expected.
Source: cityindex.co.uk