The Australian Dollar (AUD) extending its run against the New Zealand Dollar (NZD) to reach 0.8985 (1.1130) this morning. This signifies a fresh 2024 low in the pair as the NZD comes under further pressure. NZ CPI published at 0.4% after 0.6% was expected taking down the year-on-year inflation to 3.3% from 4.0%. The kiwi has edged higher off the release pushing to around 0.9000 (1.1110) – 0.9010 (1.1010) but could meet pressure at 0.9025 (1.1080). Australian unemployment tomorrow should release at 4.1% up from 4.0%.
Current Level: 1.1071
Resistance: 1.1170
Support: 1.1000
Last Weeks Range: 0.8995 – 0.9121