The RBA surprised many, by pausing rate rises, adding downward pressure to the AUD currency. The NZD/AUD consequently had further upward momentum, rising to 0.9300. The RBNZ monetary policy decision tomorrow, will set the direction of the cross rate, over the next week. A surprise rise will only add to the KIWI strength.
Current Level: 0.9301 (1.0751)
Resistance: 0.9345 (1.0700)
Support: 0.9210 (1.0858)
Last Weeks Range: 0.9220-0.9285 (1.0845-1.0770)