AUD/NZD bids are now being reported on the approach to 1.0950 and they should slow down any intraday NZD rallies. Any NZD/USD shorts out there will be getting worried that .8400 might indeed prove too big a hurdle for now, so I’d expect to see plenty of bids now emerge near .8440/50. On the topside, dip-buyers like myself will happily off-load into any sort of decent rally, and I’m looking at .8520/30 as first stop.
