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AUD/NZD eyes May high, Kiwi's plunge supports

Monday, May 18, 2015 1:59 PM UTC

NZD worst performer on day, AUD/NZD bid on that and Key's cap gains on NZ property sales
1.0835/40 is immediate resistance, break likely sees quick test of May high
Daily RSI overbought but monthly has room to run, 200 & 10 DMAs lend support
Above 1.09 eyes 1.1020 then 1.1090

Market prices near 50% chance of RBNZ cut & 45 bps of cuts over next 12 mos

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AUD/NZD eyes May high, Kiwi's plunge supports

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