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AUD/NZD - RBA vs RBNZ outlooks weigh

Pair underpinned by RBA vs RBNZ monetary policy outlooks AUD/NZD close to 1.03 vs last week's 1.0530 pre-RBNZ high 1.0284 is the multi-year low posted earlier this month (Mar 4/5) Interest rate futures indicate 40% proba…

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  • Pair underpinned by RBA vs RBNZ monetary policy outlooks

  • AUD/NZD close to 1.03 vs last week's 1.0530 pre-RBNZ high

  • 1.0284 is the multi-year low posted earlier this month (Mar 4/5)

  • Interest rate futures indicate 40% probability of a rate cut of 25bp by RBA on Apr 7

  • Rate futures indicate 10% chance of a cut of 25bp in RBNZ OCR on Apr 30 

 

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Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560