AUD/NZD finds support at 1.0550 ahead of RBA next week

• The Reserve Bank of Australia, interest rate decision is scheduled next Tuesday at 4:30 GMT.
• The AUD/NZD rebounds from the 1.0550 level eyeing now 1.0750 swing high.

The AUD/NZD is currently trading at around 1.0604 up 0.45% on Wednesday so far as the markets are adjusting to the impending Easter break. 

It's a quiet showing in the macroeconomic calendar for the second half of the week in both New-Zealand and Australia as only second-tier data is scheduled, unlikely to provide any major volatility. 

Next Tuesday, after the Easter Holiday, the Reserve Bank of Australia will release its interest rate decision as well as meeting's statement. However, according to a Reuters Poll, the RBA is seen holding rates until the end of 2018. More details here. 

AUD/NZD daily chart 

The AUD bulls have virtually erased all the gains made on Tuesday as they tested yesterday’s open. The AUD/NZD cross has rebounded  to stall a few pips shy from the 1.0550 previous demand zone seen in the summer of 2017. However, bulls will need sustained momentum in order to create a reversal up. They would need to lift the market to the 1.0650 level which was where the previous range´s base, broken to the downside.   

AUD/NZD 4-hour chart

Resistance is seen at 1.0650 previous swing low and 1.0750 swing high. While support is seen at 1.0550 last swing low, quickly followed by the 1.05 handle.