Range trading in the New Zealand Dollar (NZD), Australian Dollar (AUD) has the cross bouncing around 0.9090 (1.10) areas this morning. Movement over the following few days could be mild as markets await next week’s RBNZ cash rate release. Aussie jobs data could give us volatility in the cross Thursday if the data prints outside 3.5% and 15,000 predicted, also of note are rising metal prices which could further support the AUD.
Current Level: 0.9094 (1.0986)
Resistance: 0.9140 (1.1170)
Support: 0.8950 (1.0940)
Last Weeks Range: 0.9055-0.9192 (1.0878-0.1.1043)