Before anyone accuses me/us of neglecting the moves in this popular pair today, with everything centred around the euro, here’s a post to recognize/draw attention to the fact that there’s been plenty going on as I highlighted in my wrap
A rapid rise above 1.0700 in Asian trading has been unwound, and more, with 1.0621 being posted after highs of 1.0749, and this naturally has impacted on the core pairs with AUDUSD falling to 0.7940 from 0.8025 and NZDUSD rising to 0.7490 as I type from 0.7425
Big AUDNZD top around 1.0750 and that support at 1.0620, then more at 1.0570-75. In between that there’s plenty of room for some further action before we finally hear from Wheeler & Co tonight
Eamonn has an excellent RBNZ preview here and Greg posted this comprehensive tech look at NZDUSD here
AUDNZD H4 Jan 28
