AUDNZD could be in a bullish reversal pattern on 1 Hr timeframe. A bullish divergence has already been formed and the pair is a bit sideways for the time being.
Tomorrow on 26th Feb 2025, AUD CPI Y/Y new is coming which is expected to be better than previous results, which could strengthen AUD as compared to NZD and reverse the trend.
With a bit hawkish stance of Australian CB resulting in a recent lowering of cash rate to 4.1%, and net positions improving in COT data for last two weeks I am expecting for a trend reversal but will wait for a positive news on CPI data.
Buy stop orders to be placed above 1.10859 with stop loss to be placed around 1.10503.
Tomorrow on 26th Feb 2025, AUD CPI Y/Y new is coming which is expected to be better than previous results, which could strengthen AUD as compared to NZD and reverse the trend.
With a bit hawkish stance of Australian CB resulting in a recent lowering of cash rate to 4.1%, and net positions improving in COT data for last two weeks I am expecting for a trend reversal but will wait for a positive news on CPI data.
Buy stop orders to be placed above 1.10859 with stop loss to be placed around 1.10503.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.