AUD/NZD could be veering towards a breakout
The RBNZ just delivered their third 50bp cut in a row, and they have left the door open for further easing this year. And given I expect the RBNZ's cash rate to remain beneath the RBA's for the remainder of the year, it could pave the way for a bullish breakout on AUD/NZD.
Matt Simpson, Market Analyst at City Index and Forex.com
Matt Simpson, Market Analyst at City Index and Forex.com
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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.