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12 Dec 2013
AUD/NZD highly bearish on hawkish RBNZ
FXstreet.com (London) - AUD/NZD is continuing to attract bids 1.0948/60 after the pair plummeted from 1.1040.
NZD is higher on a hawkish RBNZ announcement, while rates were left on hold, rates will need to rise to 2.25% over the next two and a quarter years and are serious abut containing inflation. Up later for the AUD we have Australian Employment Change and the Unemployment Rate for November, but meanwhile the currency is offered and has been unwound into the 0.90 handle vs the dollar. AUD/NZD RSI (14) is sub 30 at 29.57 currently and the pair is slowing up while the EMA’s are painting a bearish bias still sub the 1.0975 pivot point.
NZD is higher on a hawkish RBNZ announcement, while rates were left on hold, rates will need to rise to 2.25% over the next two and a quarter years and are serious abut containing inflation. Up later for the AUD we have Australian Employment Change and the Unemployment Rate for November, but meanwhile the currency is offered and has been unwound into the 0.90 handle vs the dollar. AUD/NZD RSI (14) is sub 30 at 29.57 currently and the pair is slowing up while the EMA’s are painting a bearish bias still sub the 1.0975 pivot point.