AUDNZD could be in a bullish reversal pattern on 1 Hr timeframe. A bullish divergence has already been formed and the pair is a bit sideways for the time being.
Tomorrow on 26th Feb 2025, AUD CPI Y/Y new is coming which is expected to be better than previous results, which could strengthen AUD as compared to NZD and reverse the trend.
With a bit hawkish stance of Australian CB resulting in a recent lowering of cash rate to 4.1%, and net positions improving in COT data for last two weeks I am expecting for a trend reversal but will wait for a positive news on CPI data.
Buy stop orders to be placed above 1.10859 with stop loss to be placed around 1.10503.
Tomorrow on 26th Feb 2025, AUD CPI Y/Y new is coming which is expected to be better than previous results, which could strengthen AUD as compared to NZD and reverse the trend.
With a bit hawkish stance of Australian CB resulting in a recent lowering of cash rate to 4.1%, and net positions improving in COT data for last two weeks I am expecting for a trend reversal but will wait for a positive news on CPI data.
Buy stop orders to be placed above 1.10859 with stop loss to be placed around 1.10503.
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Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.