• AUD/NZD traded a 1.1129 high in early Asia after breaking 1.1100 resistance

• The cross had been constrained to a tight 1.0995-1.1102 range since mid-Dec

• Likely bigger move afoot on back of potential interest rate divergence

• RBA and RBNZ interest rate decisions next week are major inflection points

• Initial support 1.1100, resistance 1.1180

• Overnight AUD/NZD range 1.1055-1.1129
AUDNZD Tue

(James Connell is a Reuters market analyst. The views expressed are his own.)