The Aussie dollar pushes higher against the Kiwi after the Republic Bank of New Zealand cut its interest rate by 50bps as inflation continues to ease. This dovish decision by RBNZ has seen a positive reaction for AUD/NZD, which is now trading at around NZ$1.1068 and is up 0.66% in the European trade. We can see the pair has now broken above the resistance area of NZ$1.1029-NZ$1.1056, but it will need to close above it for possibly any further upside in the near term. In that scenario, the traders may then target NZ$1.1153 (high of the year). The previous resistance area of NZ$1.1029-NZ$1.1056 should now act as support here for the bulls. A move back below it could see the bears test the recent higher low of NZ$1.0977. From a momentum based outlook, the bias remains with the bulls as the MACD is bullish and rising. Additionally, the RSI has turned bullish again as it reads 66.