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Jul 15 - 09:55 PM

AUD/NZD - Targeting Key Support After 1.0600 Gives Way

By John Noonan  —  Jul 15 - 08:34 PM
  • AUD/NZD has fallen below the May 27 1.0603 low after hot NZ CPI nL1N2OR35V

  • Expectations for a RBNZ August hike at 85% according to Refinitiv RBNZWATCH

  • RBNZ outlook contrasts with RBA's clear dovish bias

  • The break below 1.0600 targests key support around 1.0545

  • Both the 76.4 of 1.0419/1.0945 and the Feb 3 low come in at 1.0543

  • For more click on FXBUZ










aud/nzd Click here

Source:
Refinitiv IFR Research/Market Commentary

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