AUDNZD reversal after RBNZ

AUDNZD reversal after RBNZ

Same levels to watch again After a fall out of bed on the back of weaker AUD retail sales and a better NZD employment report, RBNZ managed to to turn the ship around in some fashion with a 1% spike in the cross. Calling for inflation to hit target with 1-2 years delay...
AUDNZD reversal after RBNZ

Long AUDNZD on the bounce off the 1.0830/50 support

A 200MA, trend line and fib support could do the trick Simple picture watching on the daily : The 200 DMA comes in at 1.0848, the trend line as well and the 50% fibs of the July-November rise at 1.0832. Add to that a few tops and bottoms over the past months all in...

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