AUD/NZD Chart Technical Outlook could find support on a hawkish RBA to bounce higher
AUD/NZD can benefit from a hawkish RBA if it hikes at least 25 bps in tomorrow’s meeting. The RBNZ has already paused the tightening policy. The monetary policy divergence would help the pair to advance.
The support zone is between 1.0800 and 1.0750, representing the area between the 50% and 61.8% Fibo levels of the previous wave.
Resistances are at 1.0890, 1.0980.