Is it too early to call the Aussie dollar peaking against the New Zealand dollar? Several analysts suggesting the AUD/NZD rally is losing momentum ahead of this week’s Reserve Bank of New Zealand decision.
Markets expect the RBNZ to deliver a 25-basis-point cut, taking the Official Cash Rate to 2.25%.
Strategists at Bank of New Zealand and National Australia Bank say the currency pair, which recently traded near decade-high levels, may start to retreat toward 1.14 if the RBNZ indicates it is close to ending its easing cycle.
Technical signals could be reinforcing the idea that AUD/NZD may be nearing a turning point. A bearish candlestick resembling a shooting star formed on 13 November, a pattern often associated with reversals after extended uptrends.
Still, not all factors favour the kiwi. Australia maintains a sizable rate advantage over New Zealand
Para conocer la fecha y hora exactas de estos importantes acontecimientos económicos, importa el BlackBull Markets Calendario Económico para recibir alertas directamente en tu buzón de correo electrónico.
El trading implica riesgos y puede no ser adecuado para todos los inversores. La información proporcionada en este artículo tiene fines educativos únicamente y no constituye asesoramiento financiero. Realice siempre una investigación exhaustiva y busque asesoramiento profesional antes de tomar cualquier decisión de inversión.
