Forex Flash: BNZ model neutral on Antipodes

FXstreet.com (San Francisco) - According to Mike Jones, Currency Strategist at BNZ, the bank's momentum model suggests that positive momentum in the NZDUSD and AUDUSD has faded: "The model is now neutral on the antipodeans. Combined with last night's clear NZDUSD rejection of 0.8140, this further reinforces the idea the currency is stuck in a sideways 0.8020-0.8245 range for the meantime. Looking ahead, there is some chance tomorrow morning's FOMC minutes shake up currency markets a little."