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Australian dollar surged 0.9% vs Kiwi dollar in Wednesday’s morning, lifted by fresh hawkish signals that the RBA may opt for a rate hike next month, after Australia’s inflation rose above expectations and hit new multi-month high in May. A full-figure rise broke through three Fibo barriers (38.2%; 50% and 61.8% retracement of 1.1030/1.0732 downtrend) […]

The post AUD/NZD: Aussie Surges Almost 1% vs Kiwi Dollar After Release of Australia’s Inflation Report appeared first on Action Forex.

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