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AUD/NZD bulls buoyed by diverging monetary policy

  • RBA cuts but easing bias seemingly gone, RBNZ adopted ease bias

  • Diverging monetary policies likely to have bull impact on AUD/NZD

  • Overnight price action reflects view, 1.0505/35 resistance under threat

  • RSIs biased up, no divergence & room to run, suggests gains likely

  • Pair to face resistance >1.0535 ~1.0630/40, 1.0735/40 then 1.0790/00

  • Market Data
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