AUDNZD at support ahead of a massive 24hrs ahead!
Intraday Update: Ahead of the Australian CPI and the RBNZ highly anticipated 50bhp cut in less than 24 hours the AUDNZD is back at key support at 1.1085. Conventional wisdom and technical support would argue this is a good place to be long the AUDNZD. However, what if CPI comes in below expectations, or the RBNZ gives the market a "hawkish cut?" A double top/false breakout could be brewing on a failure lower.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.