AUD/NZD gatherings to 1.1130 regions, closer to the multiple top after RBA reduces 25 basis points

• Aud/NZD rises quickly from more than one week that was not touched earlier on Tuesday.
• The move rises to the highest pace after the expected interest rate is widely reduced by RBA.
• Traders are now looking at the post -transfer press conference to obtain a new impetus.

AUD/NZD stages through a good recovery from the lowest -week -long level, all over the 1.1075 region that was touched during the Asian session on Tuesday, and is gaining a follow -up traction after the Australian Reserve Bank (RBA) announced the decision of politics. Immediate prices are currently trading around the 1.1130 area, an increase of approximately 0.50 % for the day, and remains close to multiple peaks that were touched last week.

RBA board members decided to reduce the official money price (OCR) by 25 BPS points from 4.35 % to 4.1 % at the end of the February Policy meeting. This was the first RBA reduction since November 2020 and was fully priced on the market. In the absence of new signals, the Australian dollar (AUD) is strengthened in all areas and it is found that it is a main factor that provides a good elevator for the AUD/NZD cross.

On the other hand, the New Zealand dollar (NZD) continues with the relative missing performance amid increasing stakes that the Reserve Bank in New Zealand (RBNZ) will offer a third price later this month. This also contributes to the strong display of the AUD/NZD cross. Traders are now viewing the post -investigation of RBA, as the comments of RBA governor Michel Bullock may affect Aud.