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: 0.9290 (1.0764)
Resistance: 0.9299 (1.0754)
Support: 0.9244 (1.0817)
Last Weeks Range: 0.9235-0.9320 (1.0828-1.0730)