AUD/NZD holds negative Momentum — Westpac

FXStreet — The market analysts of the Australian Westpac Bank take a look at the conditions around the AUD/NZD.

Important Quotes:

AUD/NZD 1 day: negative Momentum remains intact. From a chart technical point of view, the next price target is 1,0570 (January high).

AUD/NZD 1-3 month: Higher in the direction of 1,10. The currency pair traded below its fair value, which is implied by interest rate differentials, commodity prices and risk sentiment. It is the Chance of a recovery in iron ore prices is in the short term.

** FXStreet News Editorial, FXStreet**

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