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Audnzdanalysis

RBA Royal Bank of Australia response Bearish - positive for RBNZRoyal Bank of New Zealand (Bullish) The RBNZ, which predicts prices will rise 22% in the year through June, is reinstating mortgage lending restrictions. Royal Bank of Australia (Bearish) - Australia's interest rates will stay low until 'at least 2024', RBA says - Philip Lowe used a speech to a summit convened by the Australian Financial Review on Wednesday to signal that the official cash rate will remain at historic lows until “at least 2024” because there is no prospect of wages growth hitting more than 3% before that time. Royal Bank of Australia (RBA) is struggling to raise interest rates and not seeing wage gains until 2024 for most employers. No reason AUD/NZD should be so high correction to 1.03
Short
by MatrixBits
AUD/NZD Rejecting From TrendlineThis is rejecting from the upper trendline. I want to see this continue to retrace to the support zone before rising and breaking above the trendline and onto the more significant downward trendline just above. For best entry need to monitor this on 4HR timeframe using MACD and EMA's to find the moment this turns back higher from support. Another entry method would be to wait for this to turn higher and break the trendline and then enter a long on the retest of the trendline as a support. Target is the major trendline above (marked in blue). Around 1.09500
by olly48