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AUD/NZD bulls buoyed by diverging monetary policy

RBA cuts but easing bias seemingly gone, RBNZ adopted ease bias Diverging monetary policies likely to have bull impact on AUD/NZD Overnight price action reflects view, 1.0505/35 resistance under threat RSIs biased up, no…

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  • RBA cuts but easing bias seemingly gone, RBNZ adopted ease bias

  • Diverging monetary policies likely to have bull impact on AUD/NZD

  • Overnight price action reflects view, 1.0505/35 resistance under threat

  • RSIs biased up, no divergence & room to run, suggests gains likely

  • Pair to face resistance >1.0535 ~1.0630/40, 1.0735/40 then 1.0790/00

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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