The New Zealand Dollar (NZD) has edged higher over the week against the Australian Dollar (AUD) posting 0.9062 (1.1034) in early morning. The main news of the week has ben the resignation of the Reserve Bank Governor Adrian Orr who has been in the role since March 2018. He has not given a reason for his departure and will stand down at the end of March. The NZD hasn’t really reacted on the news. Aussie GDP for the December quarter came in at 0.6% as expected higher than the 3rd quarter 0.3% driven by high population demand. Year on year GDP has risen 1.3% since December 2024. No economic data next week should push the cross around depending on geopolitical news.
Current Level: 0.9056
Resistance: 0.9075
Support: 0.9025
Last Weeks Range: 0.9004 – 0.9074