The Reserve Bank of New Zealand (RBNZ) will hold its first policy meeting of 2020 on Wednesday, announcing its decision at 01:00 GMT. What can AUDNZD traders expect?
What to expect from RBNZ rate meeting?
However, the outlook for New Zealand is tempered somewhat by the coronavirus outbreak expected to weigh on GDP figures. Both ANZ and BNZ have cut their growth forecasts for New Zealand’s GDP projections
AUDNZD price technical outlook
AUDNZD is moving back into the 100 and 200 EMA’s on the daily chart with the 1.0530-50 level looking like the first area of overhead resistance, once the 100EMA is cleared. Also, note the R2 resistance level just below the 200EMA.
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