FX News

AUD/USD Transfer:

Last week’s choppy action in the New Zealand Dollar (NZD), Australian Dollar (AUD) cross saw the pair close around 0.9340 (1.0710). Mondays’ action into Tuesday has seen the kiwi push higher to 0.9365 (1.0680) as the cross continues its mini-NZD Bull run from 0.9160 (1.0920) from the 20th of April. If trend is anything to go off we may see a retest of the yearly high at 0.9435 (1.0600) develop. The chart trendline and moving averages confirms further upside could be at play. The Australian budget releases at 9.30 NZT expected to be decent.

Current Level: 0.9350 (1.0682)
Resistance: 0.9435 (1.0980)
Support: 0.9110 (1.0600)
Last Weeks Range: 0.9232-0.9415 (1.0621-1.0832)

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