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Jul 31 - 12:12 AM
AUD/NZD - Breaking Higher After NZ And Aus Data
First appeared on eFXplus on Jul 30 - 10:25 PM
  • Weak NZ business confidence and slightly firmer Aus CPI underpinning AUD/NZD
  • NZ data released earlier firms expectations of RBNZ cut nL4N24W0IK
  • Aus Q2 CPI unlikely to impact RBA expectations nAZN0RGO00
  • Cross is up over 0.40% since the Tuesday close on short-covering
  • AUD/NZD forming double-bottom around 1.0385 and now approaching 1.0450
  • Resistance at 21-day MA at 1.0454 and break targets 1.0500/20

aud/nzd Click here

Source:
Refinitiv IFR Research/Market Commentary

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