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AUDNZD: AUD/NZD Testing 1.1100

AUDNZD
  • AUD/NZD is testing 1.1100, this is the third attempt to break back below support in the past 12 hours. A break here would likely see us test the pre-RBA lows of 1.1073. The cross has spent roughly the last 5 months trading within the 1.1000-1.1100 range with only short lived attempts to hold above 1.1100 all failing.
  • The AU-NZ 2yr swap is 2.5bps lower today at +38bps and now little changed for the past month.
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  • AUD/NZD is testing 1.1100, this is the third attempt to break back below support in the past 12 hours. A break here would likely see us test the pre-RBA lows of 1.1073. The cross has spent roughly the last 5 months trading within the 1.1000-1.1100 range with only short lived attempts to hold above 1.1100 all failing.
  • The AU-NZ 2yr swap is 2.5bps lower today at +38bps and now little changed for the past month.