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AUD/NZD hovering around 1.1240

FXStreet (Córdoba) - AUD/NZD remains flat on Tuesday after RBA decision and ahead of key economic data from New Zealand.

The pair bottomed during the Asian session after economic numbers from Australia and the RBA statement at 1.1207, reaching the lowest price since last Friday but then bounced to the upside and printed a daily high on European hours at 1.1272.

AUD/NZD technical outlook

In the short term the pair remains moving sideways, in a range between 1.1210 and 1.1270; with a bias that favors the aussie. But the area around 1.1300 has become a key resistance.

After Wall Street closing bell the NZ employment report will be release and is likely to impact in the kiwi. Weak numbers could push the pair to test 1.1300 while to the downside, 1.1190 - 1.1200 is an important support area to consider if employment figures surpass expectations.

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