- The Australian dollar continues to outperform the New Zealand dollar.
- AUD / NZD is moving towards the highest weekly close since August 2019.
AUD / NZD rally exceeded 1.0800 to 1.0819. As long as it maintains 1.0800, a test of the 2019 highs at 1.0850 / 80 is on the cards.
1.0880 zone could limit the rise and favor a return to 1.0650, while a consolidation above should open the way to more gains.
The technical indicators show an extreme reading of overbought, but like the RSI, it always points upwards, with no sign of correction.