FX News

NZD/AUD Transfer

The RBNZ spiked the NZD/AUD cross rate back to above 0.9300 after falling sharply in October. The RBA raised rates at their Melbourne Cup meeting, under cover, but signalling inflation remains a serious issue in the economy. The cross is likely to have a trading range of 0.9200 to 0.9400 as fluctuations persist in monetary policy of Central Banks on both sides of the Tasman.

Current Level: 0.9292
Resistance: 0.9400
Support: 0.9250
Last Weeks Range: 0.9205 – 0.9234


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