It looks to me as if the cross is forming an exhaustive base at 1.0750 (yes I’m biased and talking my position) and that we should see a test of levels near 1.1000 in coming days. The market is short of AUD and bearish on AUD/NZD at illogical levels. Despite some strong NZ economic data and a hawkish RBNZ, the NZD has been unable to sustain gains- another sure sign that the cross is oversold.

I ex[pect a base to form now at 1.0800/15 for the next leg higher to 1.1000.