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AUD/NZD pierces 21, 200 & 10-DMAs, bull signs upped

  • AUD/NZD pierces 21, 200 & 10-DMAs, Trend-line off May's high also cleared

  • Market ups chance (55%) of RBNZ cut,  has NZD broadly offered

  • RSIs are firmly biased up & give bulls solid momentum 

  • Immediate resistance near 1.0800, 1.0850 & May high, big resistance near 1.1315

  • Sell volumes for NZD pick up even at lower levels, a bearish sign

  • RBA meets June 2, is a risk to bull view 

  • Market Data
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