AUD/NZD pushing up from the downtrend range

AUD/NZD Analysis : 

After Reserve Bank of New Zealand reduces the interest rate from 1.50% to 1.00%.

It suddenly impacts the NZD currency to get weaker in few minutes.

AUD/NZD is moving in a downtrend by forming Lower highs and Lower Lows.

Now, market is pushing up from the downtrend range.

Let’s wait for the confirmation of breakout or reversal for entering into long term trade.

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Forexgdp Team.

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