As predicted by many NnnZzeeeland increased interest rates today. No doubt many would have been short for this play that became very much expected in the end.
It failed to put much further downside pressure on the AUDNZD and in fact rallied after the jobs numbers came out.
Since then the AUD has consolidated with a slight pull back. But looking on the hourly candle stick charts there have been 3 recent positive hourly hammers.
