FX News

AUD/NZD Transfer

The NZD/AUD has traded in a tight trading range over the last month, between 0.9200 and 0.9350. This may change in the coming week with the release of Australian inflation data. If the data shows signs of softening, as did last weeks NZ data, then the cross rate is likely to remain steady. If Australian inflation remains stubbornly high and the RBA is forced to hold interest rates ‘higher for longer’, then their could be some downside moves.

Current Level: 1.0730
Resistance: 1.0850
Support: 1.0700
Last Weeks Range: 1.0730 – 1.0800

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