ANZ FX Strategy Research expects further immediate upside in AUD/NZD but thinks that think that for now, 1.1350 could act as a level of resistance, and a range between that and 1.11, will likely ensue.
"Beyond this, we see upside risk for the cross and suggest that any dips towards the 1.11 level should be used as a buying opportunity.
Importantly, we do not see the significant upside break occurring soon," ANZ argues.
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