AUD/NZD analysis

The AUD/NZD pair rose during Asian trading on Thursday after previous two-day declines especially after monetary policy between AUD/NZD differed dramatically.

The RBA stabilized interest at 3.60% levels, while the Bank of New Zealand raised interest by 50 basis points from 4.75% to 5.25% against expectations of just 25 points

Technically: The AUD/NZD pair is now trying to up close to strong resistance levels stationed between 1.0670 to 1.0680 which we expect will push the pair further down should they be based on target levels of 1.0610 as an initial target and then levels of 1.0530 as a second target.

While maintaining a halt to losses at 1.0720 levels

Follow us on the free TV channel from here.