• Sellers take control of AUD/NZD, pushing the pair to 1.0860 and clearing the recent gains.
• New Zealand is set to release June ANZ consumer and business surveys on Wednesday, with keen attention from the market.
• CPI data from Australia due this Wednesday, continues to reveal Australia's direction.

The AUD/NZD sellers stepped in on Tuesday, wiping all the daily gains and pushing the cross to 1.0860. The Reserve Bank of Australia (RBA) and the Reserve Bank of New Zealand (RBNZ) moves are keenly awaited by investors, who await guidance.

In New Zealand, eyes are on the June ANZ consumer and business surveys to be released this Wednesday. The RBNZ plans its first rate cut for Q3 2025, which contradicts the market's expectations of a cut in November but incoming data will dictate the pace of the bets. In case New Zealand’s economy sees more signs of weakness the bank might consider sooner cuts.

In Australia, the Westpac Consumer Confidence data drew attention with a 1.7% rise to 83.6 in June from 82.2 in May- marking the first increase since February. The key data for the week would, however, come through with the release of the May Consumer Price Index (CPI) on Wednesday.