The AUD and NZD have both been in a reasonably tight trading range for the last week, with NZ inflation easing and Australian flash PMI data showing recessionary economic conditions. The cross rate has been tight, trading between 0.9200 and 0.9300, with no major moves expected to the upside or downside.
Current Level: 1.0784
Resistance: 1.0855
Support: 1.0731
Last Weeks Range: 1.0752 – 1.0832