AUDNZD holds after no change RBA retained rate

٧ أبريل ٢٠١٥

The pair just did a huge correction to the upside and faid just after Australian market closed. Right now the pair seen moving towards the level when RBA announced no change on interest rate. What does this mean? This simply mean a good month for swap traders that relies on interest rate earnings. More dump of Aussie across the board. For AUDNZD, the parity level 1.000 is eyed for now.