AUDNZD: Central banks divergence supporting the cross
With the quiet wage growth and low inflation, the RBA likely to paint a neutral color in August meeting.
With the low inflation, we expect the RBNZ is expected to keep the OCR at 1.75%.
The bulls should hold the 1.0850 to continue the uptrend to 1.1020 and 1.1070-1.1100 with potential resistance exists at the 61.8% and 80.0% fib reactions.
With the low inflation, we expect the RBNZ is expected to keep the OCR at 1.75%.
The bulls should hold the 1.0850 to continue the uptrend to 1.1020 and 1.1070-1.1100 with potential resistance exists at the 61.8% and 80.0% fib reactions.
Trade closed: target reached