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Oct 21 - 02:55 PM

AUD/USD, NZD/USD: Staying Tactically Bearish - ANZ

By eFXdata  —  Oct 21 - 12:45 PM

ANZ Research maintains a bearish bias on AUD/USD and NZD/USD in the near-term.

"Slower than expected employment data in Australia signalled a cooling job market and supported the RBA’s slow pace of rate hikes...Selling pressure will continue as US strength is here to stay," ANZ notes. 

"...Even though RBNZ’s aggressive rate hike expectations are providing some support, global developments will be the major drivers near term," ANZ adds. 

Source:
ANZ Research/Market Commentary

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