The central bank in New Zealand surprised by changing its stance to neutral in a move that was more aggressive than anticipated. This sent the kiwi lower and also has implications for the Australian dollar. The team at RBS projects the next moves for AUD/USD and AUD/NZD: Here is their view, courtesy of eFXnews: The RBNZ has given the market bears a reason to price in rate cuts, by placing a bit more emphasis on the negatives, paying lip-service to the positives, and widening the confidence band around a now neutral policy outlook, notes RBS. “However, the deeper substance reveals only a slight downward revision to a still above trend growth outlook,” RBS adds. “The further significant fall in commodity prices this year and the desire to lock in recent currency falls may be the motivation for the RBA cut rates as soon as next week. We expect the RBA to at least move to a clear easing bias,” RBS argues. “As such we see further near term downside for the AUD/USD, and continue to expect another stab at record lows in AUD/NZD,” RBS projects. For lots more FX trades from major banks, sign up to eFXplus By signing up to eFXplus via the link above, you are directly supporting Forex Crunch. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam AUD/USD Daily Outlooks share Read Next FOMC calls for patience FxPro - Forex Broker 8 years The central bank in New Zealand surprised by changing its stance to neutral in a move that was more aggressive than anticipated. This sent the kiwi lower and also has implications for the Australian dollar. The team at RBS projects the next moves for AUD/USD and AUD/NZD: Here is their view, courtesy of eFXnews: The RBNZ has given the market bears a reason to price in rate cuts, by placing a bit more emphasis on the negatives, paying lip-service to the positives, and widening the confidence band around a now neutral policy outlook, notes RBS. "However, the deeper substance reveals… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.