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Positioning Trend & Technicals Signal Further Strength, AUDNZD in Focus (2/2)

AUD
  • Furthermore, a buy the dip strategy in AUDNZD has worked well post RBNZ meetings in the past 12 months. The cross has only been lower in 1 meeting out 7 over this period (2 weeks after the event).
  • Having struggled to maintain momentum above this 1.10 mark over the past 12 months, closes above 1.1031 and 1.1056 will be crucial for the cross going forward. A break above 1.1088 would place the cross at the highest level since October 2022.

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