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AUDNZD D1 08 10 2020 1024

 

The AUD/NZD pair might fall in the near term, according to the daily and weekly charts. The MACD is still positive, but there is a sign of retracement in the near term. The Stochastic oscillator might be near the top at the moment on the weekly chart. Moreover, a triangle has already formed on the weekly chart.

The most important data of this week:

August 12

RBNZ rate decision  (0.25% expected); (0.25% previous)

RBNZ Press Conference

August 13            

Australia employment change (40k expected); (211k previous)

                                     rate  (7.8% expected); (7.4% previous)

August 14

RBA Gov Lowe speech

AUDNZD W1 08 10 2020 1022

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