Ella 
AUD/NZD continues to move higher, with AUD/NZD up 0.34% on Tuesday, taking AUD/NZD up 2.4% since hitting its latest low of 1.0624 two weeks ago.
AUD/NZD has remained within a rough range for most of 2023, with AUD/NZD consolidating long-term around key resistance at 1.0800.
Australian Inflation Forecast: Core inflation expected to fall in third quarter
Australia is due to release its latest round of consumer price index data in early trade on Wednesday, with headline inflation expected to rise at an annual rate in September, expected to be 5.4% from 5.2% last month. At the same time, core inflation is expected to decline slightly, with Australia’s trimmed average CPI annual rate expected to fall to 5% from 5.9%.
AUD/NZD has been consolidating at the 200-day moving average for the past five months, with the long-term moving average currently sitting just above 1.0800.
AUD/NZD has struggled to form any significant long-term momentum, with the 50-day moving average remaining at the major moving average. Investors will expect a greater deviation between the Reserve Bank of Australia and Reserve Bank of New Zealand interest rates to push AUD/NZD closer to the trend zone.
