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AUD/NZD - RBA holds, but may cut in the future

Cross volatile around release - knee jerk 1.0405 bounce - trades +25pts at 1.0365 Market is short - may be squeezed RBA wants AUD lower & cuts likely Momentum studies move lower, 5, 10 & 20 dma's head south - negative se…

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AUD/NZD - RBA holds, but may cut in the future
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  • Cross volatile around release - knee jerk 1.0405 bounce - trades +25pts at 1.0365

  • Market is short - may be squeezed

  • RBA wants AUD lower & cuts likely

  • Momentum studies move lower, 5, 10 & 20 dma's head south - negative setup

  • Parity possible longer term - Asia 1.0326 low & 1.0405 spike support/resistance

 

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