AUD/NZD rallies; 1.09 next s/t target

  • AUD/NZD has been very well bid in the past 30 trading days and the RBA leaving rates unchanged tonight has helped the pair break above 1.08
  • Price action looks very bullish and a test of the 1.09 level seems imminent
  • Above there, not much significant tech resistance until 1.13
  • Buying dips remains the preferred strategy, with 1.0700/10 now the key support area

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