NZD/AUD breaks parity briefly before reversing, economists at ANZ Research brief. The pair is currently trading at 0.9885.
Key quotes
“NZD/AUD had that crack at parity we warned about but has come back.”
“We expect it to ‘chop a lot of wood’ around parity. AUD just can’t catch a break as hard commodities come under pressure.”
“Support 0.9920 Resistance 1.020”
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