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Early focus is on the AUDNZD

AUD
  • Early focus in FX is in the AUDNZD, was one of the standout late last week, with most flow from desk noted ahead of the expected 75bps hike by the RNBZ tomorrow (wed).
  • AUDNZD is down 0.22% and testing the 1.0800 handle, did print a 1.0795 low (according to BGNE).
  • Small support is seen at 1.0782, but better is seen at the 1.0743 area, the 61.8% retrace of the Sep21/22 gains.

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