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AUD/NZD extends rally toward 2022 highs – Société Générale

AUD/NZD has extended its rally beyond the September highs, signaling renewed bullish momentum. The pair is approaching the 1.1490/1.1520 zone near the 2022 peak, where upside momentum may begin to fade. While the move looks stretched, no clear reversal signals have emerged yet, with 1.1300 marking a key support level, Société Générale's FX analysts note.

Upward momentum in AUD/NZD builds, eyes 1.15 zone

"AUD/NZD has crossed the September highs after a brief pause, highlighting a resurgence of upward momentum. The move appears somewhat stretched; however, clear signals of a meaningful pullback are not yet visible."

"The pair is inching towards the 2022 peak and projections of 1.1490/1.1520, which could serve as an interim hurdle. If the upward move stalls around this zone, a short-term consolidation cannot be ruled out. The recent pivot low of 1.1300 is an important support."

ECB's Rehn: Will stick to meeting-by-meeting and data-driven approach

European Central Bank (ECB) policymaker Olli Rehn commented on the inflation and interest rate outlook in his speech on Wednesday.
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RBNZ surprises with a larger cut – Commerzbank

The RBNZ surprised the markets this morning with a larger-than-expected cut in its key interest rate.
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