Currency Analyst since 2010

AUD/NZD: selloff on bad data

AUD/NZD slumped by about 100 pips from 1.0885 after worse than expected data from Australia.

Analysts at SEB Bank expect some retracement higher before the new move down. Resistance is at $1.0845/55 and at $1.0870. A move below $1.0770 would later expose $1.0735/20 and possibly also $1.0680/60.

Chart. H4 AUD/NZD

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