The Australian Dollar (AUD) continues to go from strength to strength against the New Zealand Dollar (NZD) with the cross reaching 0.9175 (1.0900) early this morning a fresh 3rd of November low. Pricing around 0.9140 (1.0940) is the next stop in the pair for support. Through this zone and we are targeting 0.9075 (1.1020) the lowest daily close since October 2022. On the topside any push back through 0.9245 (1.0820) would indicate a momentum shift. Australian CPI y/y for February prints later today and could strengthen the Aussie further if the data is higher than the 3.5% forecast.
The current interbank midrate is: NZDAUD 0.9184 AUDNZD 1.0883
The interbank range this week has been: NZDAUD 0.9173- 0.9231 AUDNZD 1.0832- 1.0901