Nothing to see here. The New Zealand Dollar (NZD), Australian Dollar (AUD) traded inside its recent range over the week disrupted by a slow week of liquidity due to US Thanksgiving holiday. The cross traded into Friday around 0.9220 (1.0850) smack in the middle of no man’s land. Next week’s Aussie CPI and RBNZ cash rate releases should get the cross moving, although the central bank is not expected to change from 5.50%. Solid support at 0.9200 (1.0870) has proven difficult to breach, anything south of 0.9175 (1.0900) and punters could target the prior low at 0.9130 (1.0950)
The current interbank midrate is: NZDAUD 0.9222 AUDNZD 1.0835
The interbank range this week has been: NZDAUD 0.9185- 0.9247 AUDNZD 1.0814- 1.0887