Prices in the New Zealand Dollar (NZD), Australian Dollar (AUD) cross continues to be mainly AUD supportive from the high at 0.9460 (1.0570) a fortnight ago to 0.9330 (1.0720) today. We have a thin economic docket this week with no tier one data publishing. Markets look towards the following week when we have RBA cash announcement and NZ GDP q/q. Chinese Import data has certainly assisted the AUD of late along with predictions the RBNZ wont hike again in this cycle and rate cuts likely to start in the August meeting which have been also priced into recent moves.
Current Level: 0.9326
Resistance: 0.9380
Support: 0.9250
Last Weeks Range: 0.9305- 0.9384