AUD/NZD experiences a slight decline as markets await key data

The AUD/NZD is presently trading with mild fluctuations, expecting key figures from Australia and New Zealand along the week.

AUD/NZD dips mildly to 1.0821 during Monday's session. Markets are eyeing Australia's April CPI and Retail Sales updates this week. Investors will eye New Zealand's May ANZ business survey, which is expected to reveal a slowdown in activity. The AUD/NZD is presently trading with mild fluctuations, expecting keyfigures from Australia and New Zealand along the week. On the Australian side, the focusis primarily on the April Consumer Price Index and Retail sales data.

Despite an uptick in the latest reading to 30, the pair remains pressured, as the positive momentum observed earlier in the week has considerably waned. The negative trend, as suggested by the RSI, is further confirmed by the rising red bars of the Moving Average Convergence Divergence histogram, affirming the downside momentum.

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