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Antipodeans Pressured, AUD Through Bear Trigger, RBNZ Due Shortly

FOREX

The Antipodeans have been pressured on Wednesday, weaker regional equities are weighed on risk sentiment.

  • AUD/USD is down ~0.2%, the pair has broken the bear trigger and low from Aug 14. Bears now target $0.6403, 76.4% retracement of the Oct 22 to Feb 23 bull leg.
  • Kiwi is down ~0.2%, NZD/USD prints at $0.5940/45 and sits at fresh YTD lows. Downside support comes in at $0.5834, a Fibonacci projection.
  • Elsewhere in G-10 ranges are narrow, there has been little follow through on moves.
  • The monetary policy decision from the RBNZ is due at the top of the hour.

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