AUDNZD has traded into support prior to the NZD Credit card spending data, which measures the total credit card spending domestically, and is a measure of retail / economic health. Technically the pair has traded into a key support, broke the descending trendline and the RSI has turned bullish. We anticipate a sustained bounce.
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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.