AUD/NZD: Testing big levels post-RBNZ

No surprise from the RBNZ this morning and the language seems very similar to last time. The immediate move higher in the NZD suggests to me that the market is short of NZD and the vulnerable levels are to the topside.

AUD/NZD is nearing very interesting levels near 1.0480, where the right shoulder of the inverse weekly H&S sits, and there are likely to be plenty of stops below there.

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