AUDNZD was sideways from 1.09-1.13 until we had a recent bearish breakout testing the weekly up trendline. Now, the AUDNZD could re-test 1.0950 and hit resistance and fall back to lows, or could close above and pave the way to 1.13 retest and higher to 1.14-1.16 area. This week's RBNZ rate decision/press conference and AUD jobs data may be the catalyst to get this trade going.
