NZD/AUD Transfer

ByDragana My Engine Lab

The Australian Dollar (AUD) extended its recovery from 1.0900 (0.9175) Monday reaching 1.1020 (0.9075) this morning against the New Zealand Dollar (NZD). This week’s main economic data is today’s RBA Cash Rate which is expected to remain on hold at 4.10% in a “hawkish” review. The board will stick with their cautious stance while impacts around tariffs and global trade weigh on optimism. With tomorrow looming with Trump’s reciprocal tariff push we will get an idea of how significant these changes could be for US trading partners. If Australia avoid direct tariffs, China may not which could affect Australia exports into China and have a detrimental impact on the NZD/AUD in a way which could see the AUD devalue.

Current Level: 0.9079
Resistance: 0.9110
Support: 0.9025
Last Weeks Range: 0.9082 – 0.9158

 

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