Ella 
AUD/NZD fell into a recent downtrend ahead of Tuesday’s latest interest rate decision from the Reserve Bank of Australia (RBA), with AUD/NZD falling about 0.7% after hitting a high near 1.0700 last week.
AUD/NZD recently fell to multi-month lows, testing the lowest buying prices since May last year, and following a limited rebound, bullish momentum has been exhausted, with AUD/NZD holding below the falling 200 hourly simple moving average. Bearish, falling to 1.0650.
AUD/NZD is struggling to achieve a clear rebound, with buyers seeking to rebound to the 200-day moving average around 1.0800, as the daily candle chart shows that AUD/NZD is generally consolidating and entering bearish territory, with AUD/NZD competing for dominance and facing the risk of a rapid decline. .
