AUD/NZD chart - Trading View
AUD/NZD was trading 0.59% lower on the day at around 1.0650 at 08:40 GMT, kiwi buoyed after hawkish RBNZ.
The pair is extending break below 200-DMA and is on a bearish streak for the 4th straight session.
Reserve Bank of New Zealand left its interest rate unchanged as was widely expected and delivered a major hawkish surprise to markets by signaling rate hikes from mid-2022.
The central bank re-introduced the conventional OCR forecast (it had been replaced by the unconstrained OCR forecast), and by the forecast pace of tightening.
The OCR forecast showed a 150bps tightening between Q3 2022 and Q3 2024, taking the markets by surprise.
GMMA indicator shows major trend is neutral while minor trend has turned bearish. Volatility is rising as evidenced by widening Bollinger bands.
Price action has dipped below 200-week MA and oscillators are strongly bearish. MACD and ADX support weakness.
The pair is holding minor support at 26th Feb lows at 1.0639, break below will see test of Feb 3rd low at 1.0540.


Bitcoin Stuck in No-Man’s-Land: $85K Dip or $100K Breakout Next?
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR down trend loses steam, remains on bearish path
Pound Strike Forces EURGBP Retreat – Next Stop 0.8660?
FxWirePro: EUR/CAD slips as firm oil price lift loonie despite soft GDP data
211.55 Ceiling Holds: GBPJPY Profit-Taking Turns Bearish
FxWirePro: GBP/AUD loses momentum but bullish setup remains
FxWirePro: EUR/AUD slips following RBA minutes , plunge to test a key fibo grows
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD bulls loosen their grip a bit, dips to be bought
FxWirePro: GBP/USD advances on steady UK GDP growth
FxWirePro: AUD/USD firms on hawkish RBA meeting minutes
AUDJPY: Buy-the-Dip Strategy Intact Above 103.80 Despite Profit-Taking Pullback
ETHUSD Dip: Prime Buy Zone to $3600 Targets
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
FxWirePro: EUR/NZD runs out of steam but maintains bullish outlook 



