The AUD/NZD pair may fall in the medium term according to our technical analysis.
The price stays below EMA200 and EMA50 on the daily chart, and the RSI oscillator is below 50. Also, the RSI oscillator on the weekly chart stays below 50. The AUD/NZD might fall at 103.00 in the medium term.
The most important data from this week:
RBA Cash Rate (+1.5% expectation); ( +1.5% previous)
New Zealand Employment Rate (Q4) (+4.1% expectation); ( +3.9% previous)
RBS Statement on Monetary Policy