FX News

NZD/AUD Transfer:

The New Zealand Dollar (NZD) is trying its best to move topside this morning against the Australian Dollar (AUD) pushing to 0.9460 (1.0570). The carry trade NZD buying evident in this recent move with the RBNZ predicted to hike interest rates tomorrow to 5.25% possibly 50 points to 5.75%, certainly most of the 25-point hike has been priced in. 0.9550 (1.0475) is the next target- the high of December 2022, through here and the pair could target December 2021 levels around 0.9710 (1.0300).

Current Level: 0.9457 (1.0566)
Resistance: 0.9550 (1.0740)
Support: 0.9310 (1.0470)
Last Weeks Range: 0.9291-0.9450 (1.0582-1.0762)

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