NZD/AUD caught the bid on what some felt that the RBA isn’t all that committed to QE, which is incorrect in the opinion of economists at ANZ Bank. Key quotes “The move lower overnight to a post-parity low also broke resistance at 0.9670, which makes for a weak technical picture.” “We think the market has read the RBA a bit wrongly and expect AUD and NZD to both come off, which should commensurately revert this cross to levels near 0.98. Any notion of RBA tapering is very premature.” “Support 0.9500 Resistance 0.9880” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Italy’s PM Conte: May relax some lockdown measures by the end of April FX Street 2 years NZD/AUD caught the bid on what some felt that the RBA isn’t all that committed to QE, which is incorrect in the opinion of economists at ANZ Bank. Key quotes “The move lower overnight to a post-parity low also broke resistance at 0.9670, which makes for a weak technical picture.” “We think the market has read the RBA a bit wrongly and expect AUD and NZD to both come off, which should commensurately revert this cross to levels near 0.98. Any notion of RBA tapering is very premature.” “Support 0.9500 Resistance 0.9880” Top 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.
