AUD/NZD: rebound from resistance level 1.1260

Forex analytics: Following yesterday’s unexpected decision of RBNZ to reduce interest rate in New Zealand, the pair AUD/NZD sharply went up. Since the opening of the trading day the pair has grown by over 220 points. On the weekly chart the pair closely approached the key resistance level of 1.1260 (ЕМА200 and Fibonacci 38.2%).Starting from 2022 the pair AUD/NZD has been systematically declining. The last ...