Chart - Courtesy Trading View
AUD/NZD was trading 0.70% lower on the day at 1.1016 at around 10:40 GMT, outlook bearish.
The Australian dollar was sold off across the board after the Reserve Bank of Australia (RBA) rate hike announcement.
The RBA has raised its Official Cash Rate (OCR) by 50 basis points (bps) to 1.85% in line with the market expectations.
Indecision over the RBA’s next move amid rising price pressures, recession fears and headlines concerning China keep downside pressure in the pair.
Technical indicators are turning bearish. Stochs and RSI are biased lower. Stochs show rollover from overbought levels.
MACD confirms bearish crossover on signal line. ADX supports downside. Price action is below 200H MA.
The pair has slipped into daily cloud, breaks below 55-EMA, is on track to test 23.6% Fib retracement at 1.0975.


FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption
FxWirePro- Major Pair levels and bias summary
JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish
BTC, ETH, SOL, XRP, and BNB: Major Crypto Pairs Stay Neutral
FxWirePro: USD/CNY edges higher but bulls lack punch
FxWirePro: USD/ZAR retreats slightly but bias is bullish
FxWirePro: AUD/USD gains on Iran-US truce hopes, risk rally
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD gains some ground but outlook is bearish
FxWirePro: GBP/AUD under pressure as pound continues to weaken
FxWirePro: NZD/USD gains as U.S.-Iran peace hopes boost risk sentiment
FxWirePro: GBP/USD slips as middle east tensions and oil surge pressure pound
Crypto Bias Report: Trend Signals and Top Bullish Picks
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118
NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97 



