AUDNZD Chart Technical Outlook completes the first leg, with resistance located at 1.1082
We have seen a weakening in the cross after the RBNZ rate decision, policy statement, and press conference.
Although we remain bearish overall, the cross has stalled at the first support level of 1.1013. This suggests we will see a corrective BC leg higher. Resistance is located at 1.1082. We will complete this pattern at 1.0913. We look for rallies to be sold.
