FX News

NZD/AUD Conversion

The tumbling reserve news saw commodity currency movements as the Australian dollar rose from below .9000 back up towards .9050. Eyes remain focused on central banks and interest rates to further movements with RBNZ announcements out next week. Australian Unemployment numbers are announced next week which were previously reported at 3.5% dipping from previous months. The NZD/AUD are still within a tighter range of .8990 – .9060. This stays consistent with monthly ranges of similar numbers as the cross stays steady within the markets.

Current Level: 0.9054
Resistance: 0.9090/0.9130
Support: 0.8990/0.9020
Last Weeks Range: 0.8990/0.9063

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