AUD/NZD technical analysis: Bulls await the RBA minutes for a run beyond 61.8% fibo
|AUD/NZD chipping away at the upside the central bank divergence between the Reserve Bank of Australia and New Zealand. From a technical perspective, the cross can continue higher while supported by rising moving averages within a bullish flag on the daily charts. Today, the RBA minutes could be the next catalyst in its northerly trajectory - We have heard a lot from the RBA since the meeting, in speeches and the quarterly statement so there may not be too much in this. However, a break of the 1.06 handle is required to for the pair to find traction above the 61.8% Fibo retracement. To the downside, the 38.2% is located around 1.0440 as a potential landing spot.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.