AUD/NZD is shaping up for an active week, with two major catalysts—RBNZ’s rate announcement and Australia’s monthly CPI—set to hit on Wednesday. RBNZ is widely expected to cut the OCR by 25bps to 2.25%. The NZIER Monetary Policy Shadow Board also endorsed a quarter-point reduction, arguing that although the economy is beginning to recover from […]
The post Two-way risks for AUD/NZD as RBNZ cut meets rising Australia CPI appeared first on Action Forex.
Market Overview The crypto market capitalisation rose to $2.64T in the early hours of Monday but quickly retreated to the $2.60T level that has held steady over the past five days. Bears are aggressively defending Read more…
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Daily Pivots: (S1) 215.14; (P) 215.47; (R1) 216.02; More… Intraday bias in GBP/JPY remains neutral and consolidations from 215.89 could extend. In case of another fall, downside should be contained by 213.29 resistance turned support Read more…