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23 Apr 2015
AUD/NZD headed to Aprils highs 1.0220?
FXStreet (Guatemala) - AUD/NZD is currently trading at 1.0189 with a high of1.0192 and a low of 1.0110.
AUD/NZD has spiked and is continuing on the bid in an extension of yesterday's recovery from sub the 1.0040 when supply came in at the 1.0215 territory. We are now up 1.0190 at time of writing.
The RBNZ assistant Gov McDermott came out and said that they are not considering any increase in interest rates at present while the Central Bank remains vigilant in watching price setting. NZD has lost 150 pips on the day. AUD/NZD could be headed to 1.0220 to meet April highs and double top if the move continues.
AUD/NZD has spiked and is continuing on the bid in an extension of yesterday's recovery from sub the 1.0040 when supply came in at the 1.0215 territory. We are now up 1.0190 at time of writing.
The RBNZ assistant Gov McDermott came out and said that they are not considering any increase in interest rates at present while the Central Bank remains vigilant in watching price setting. NZD has lost 150 pips on the day. AUD/NZD could be headed to 1.0220 to meet April highs and double top if the move continues.