Recently published economic data of Australia is showing good economic growth. Just inflation is below expectation. There is speculation that RBA may start rate hike cycle from mid 2018 if data shows improvement. So recently AUD has strengthened its majors. Recently published data like trade balance suggests New Zealand economic growth is on track again. So I expect a retracement after growth in AUD/NZD.
Technical Analysis: AUD/NZD is in uptrend on monthly and on weekly chart.
Tools Used: Ichimo…
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