AUD/NZD Ideally Pushing For 1.0600

The AUD/NZD pair did not move as much as the AUD/USD pair. NZD/USD moved higher with the same manner in the last 24 hours. However, we think that AUD can outperform as current reversal from the high is still in three waves, labeled as blue wave four. It should then stay above the 1.0483 level. Ideally, we will see a push up to 1.0600 once 1.0560 resistance is broken.

AUD/NZD, 1H

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