FX News

NZD/AUD Transfer:

The NZD bounced back against the AUD this week, but all will hinge on the RBA’s interest rate decision Tuesday. Inflation is a big problem and will probably compel the Central Bank to further raise interest rates, thus reducing the interest rate differentials, adding to downside pressures on the cross-rate.

Current Level: 0.9240 (1.0825)
Resistance: 0.9280 (1.0775)
Support: 0.9150 (1.0930)
Last Weeks Range: 0.9140-0.9220 (1.0940-1.0845)

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