Interesting situatsion here. In bigger picture trend is down but in medium term it is sliglty upwards and current price area lines up with the main channel support.
However, from the fundamental perpective RBA has been rather dovish lately, while RBNZ has kept a fairly balanced tone. Hence, I'd say we are @ crossroads and from here it could go either way.
However, from the fundamental perpective RBA has been rather dovish lately, while RBNZ has kept a fairly balanced tone. Hence, I'd say we are @ crossroads and from here it could go either way.
