During the Asian session on Wednesday, the AUD/NZD cross attracted some dip-buying close to the 1.0815 mark. However, this initial buying momentum quickly waned. The Reserve Bank of New Zealand (RBNZ) announced a widely expected 25 basis points rate cut, leading to a quick turnaround in market sentiment. As a result, the spot prices fell back, inching closer to the daily low in just an hour after the announcement.