Ella 
AUD/NZD held below the 1.0800 mark during the Asian session on Tuesday. AUD/NZD traded lower following the Reserve Bank of Australia (RBA) interest rate decision. The Reserve Bank of Australia decided to keep interest rates unchanged on Tuesday. Traders will get further clues from the RBA press conference. AUD/NZD is currently trading around 1.0770, down 0.07% on the day.
The Reserve Bank of Australia on Tuesday kept the official cash rate (OCR) unchanged at a 12-year high of 4.35% at its third consecutive meeting following its March monetary policy meeting. Markets will focus on new catalysts provided by the Reserve Bank of Australia regarding the timing and scope of a policy shift. Hawkish comments from the central bank could boost the Australian dollar (AUD) against the New Zealand dollar.
In the New Zealand dollar, the Reserve Bank of New Zealand (RBNZ) decided to hold its policy rate steady at 5.50% at its fifth consecutive meeting in February. However, the Reserve Bank of New Zealand tempered its hawkish stance, reducing the risk of further tightening. The Bank lowered its forecast peak cash rate to 5.6% from 5.7% previously. This in turn created some selling pressure on the New Zealand Dollar (NZD) and acted as a bullish factor for AUD/NZD.
