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AUD to NZD – New Zealand Dollar to Australian Dollar

When converting New Zealand dollars (NZD) to Australian dollars (AUD), or AUD to NZD, by exchanging via Direct FX, you will save a significant amount of money. Our wholesale currency exchange rates for money transfers, are significantly more competitive than bank foreign exchange rates. Being Australasian based, we specialise in knowing what drives NZD to AUD currency conversion rates.

NZD to AUD Overview: Australia is New Zealands biggest trading partner. Therefore the performance of the New Zealand economy and the NZD, is closely linked to the Australian economy and AUD. Due to this extremely close correlation, when compared to other currency pairs, the NZD to AUD exchange rate remains one of the most stable. More often than not, it is the interest rate differential between the two countries, that dictate the prevailing NZD to AUD exchange rate.

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Historical Ranges: 1 year 5 years 10 years
NZD/AUD .9067 – .9760 .7642 – .9974 .7242 – .9974
AUD/NZD 1.0246 – 1.1029 1.0026 – 1.3086 1.0026 – 1.3808

Current Official Cash Rates:
Reserve Bank of New Zealand (RBNZ): 1.75%         Reserve Bank of Australia (RBA): 1.50%

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The Australian Dollar (AUD) has underperformed compared to the New Zealand Dollar (NZD) with detrimental Aussie data leading the cross higher to 0.9541 (1.0481). GDP printed much lower than markets were expecting at 0.3% based on predictions of 0.6% showing the Australian economy slowed sharply over the previous quarter. The RBA left the benchmark rate on hold at 1.50% extending the period of no change since August 2016 confirming rates would remain as they are for some time to come. Trading still just over the 0.9500 with a lack of economic releases today the cross will be driven by any global trade developments. These levels seem extremely lofty to us, but we said this at 0.9300 (1.0750), buyers of AUD should strongly consider with a sniff up around 0.9600 (1.0420) unlikely.

Exchange Rates

The current interbank midrate is:NZDAUD 0.9506  AUDNZD 1.0510
The interbank range this week has been:NZDAUD 0.9416- 0.9545    AUDNZD 1.0476- 1.0620

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The New Zealand Dollar (NZD) rallied off the weekly open of 0.9370 (1.0670) to reach recent resistance of 0.9435 (1.0600) during Monday’s trading. Australian Building approvals missed the mark for the fourth straight month when figures represented further declines in property which is now down 9.5% since July 2017. Quarterly operating profits by businesses was also down at -1.9% from the expected 2.9%. Today’s RBA cash rate announcement is widely expected to remain the same at 1.50% with further rhetoric suggesting rates will stay as they are for some time yet. Buyers of AUD should consider at current levels as we trade currently at the top of the recent band around 0.9410 (1.0683). A hawkish statement by the RBA governor could shift price action back towards 0.9300 (1.0755)

Exchange Rates
Current Level: 0.9417 (1.0607)
Resistance: 0.9440 (1.0690)
Support: 0.9354 (1.0590)
Last week’s Range: 0.9361 – 0.9425 (1.061-1.0683)

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The New Zealand Dollar (NZD) remains stronger than its big brother the Australian Dollar (AUD) trading to a high this week of 0.9420 (1.0615) in fickle market conditions. Still predominantly range bound the pair has however looked vulnerable over 0.9400 levels retreating lower on several occasions. Tier one data published this week of note, ANZ Business Confidence and Aussie Private Capital Expenditure both releases as expected making no real dent to price action. We still hold the view of a lower cross but with the kiwi a popular investment choice currently, it should hold up for a while longer leading into Xmas. Watch for volatility Friday with the G20 kicking off in Argentina.

Exchange Rates

The current interbank midrate is:NZDAUD 0.9368   AUDNZD 1.0660
The interbank range this week has been:NZDAUD 0.9354- 0.9412   AUDNZD 1.0625- 1.0691

View NZDAUD charts

The New Zealand Dollar, Australian Dollar cross (NZD/AUD) remains very much content in its recent range between 0.9345 (1.0700) and 0.9430 (1.0600). NZ Trade Balance this morning came in at -1.295B after -850M was expected taking the pair off 0.9400 (1.0645) this morning. ANZ NZ Business Confidence releases tomorrow along with Australian Private Capital Expenditure Thursday. We expect the pair to mainly drift around its current levels over the course of the week. Watch for volatility Friday with the G20 kicking off in Argentina.

Exchange Rates
Current Level: 0.9370 (1.0668)
Resistance: 0.9450 (1.0715)
Support: 0.9333 (1.0580)
Last week’s Range: 0.9350 – 0.9442 (1.0588-1.0695)

View NZDAUD charts

The New Zealand Dollar, Australian Dollar (NZD/AUD) cross has travelled in a 85 point band this week between 0.9345 (1.0700) and 0.9430 (1.0600) defying predictions of lower price action. Trading currently at 0.9386 (1.0354) it’s been a light week of economic data. The RBA minutes showed no change to current monetary policy with future policy action possibly needing to be adjusted if the Aussie Dollar strengthens. Right now the Aussie is acting as a shock absorber for the economy at current levels. We don’t see the cross breaking from its current range for a while, next week’s string of data on both sides of the Tasman with NZ Retails Sales and Aussie Private Capital Expenditure and Construction could change things.

Exchange Rates

The current interbank midrate is:NZDAUD 0.9385   AUDNZD 1.0651
The interbank range this week has been:NZDAUD 0.9345- 0.9430   AUDNZD 1.0600- 1.0700

View NZDAUD charts

The New Zealand Dollar (NZD) is still mysteriously holding up over 0.9300 (1.0750) levels against the Australian Dollar (AUD) defying analysts’ predictions of a significantly lower cross. We think after last week’s Aussie employment data never gave the AUD the hit it needed to rally it will clearly take something fairly special to bring the pair lower back through 0.9300 (1.0750). We have nothing on the near-term radar to shift the cross from its current ranges around high 0.93’s except the RBA meeting minutes this afternoon surprises with extremely upbeat rhetoric. Last week’s high of 0.9425 (1.0610) should hold with 0.9345 on the downside.

Exchange Rates
Current Level:0.9377 (1.0660)
Resistance: 0.9400 (1.0700)
Support: 0.9345 (1.0640)
Last week’s Range: 0.9335-0.9422 (1.0613-1.0712)

View NZDAUD charts

The Australian Dollar (AUD) continues to defy currency analysts as to why it continues to lack support. Against the New Zealand Dollar (NZD) it rallied to 0.9335 (1.0720) on fantastic employment data with the unemployment rate dropping to 5.00% from 5.10% we were expecting, but was soon under the pump once again with the kiwi pushing it back towards 0.9400 (1.0635) on deteriorating risk appetite. I would like to say prices look lofty around the 0.9400 area (1.0640) but sense the kiwi could have more in it and prove us all wrong again with a possible retest of 0.9425 resistance. Next week’s RBA minutes will hold market interest.

Exchange Rates

The current interbank midrate is:NZDAUD 0.9380   AUDNZD 1.0651
The interbank range this week has been:NZDAUD 0.9310- 0.9423   AUDNZD 1.0612- 1.0740

View NZDAUD charts

The New Zealand Dollar (NZD) has continued to climb against the Australian Dollar (AUD) Friday travelling back through the 0.9300 (1.0750) level reaching 0.9360 (1.0685) Tuesday. The kiwi has remained well in control since the RBNZ statement and cash rate announcement last Thursday. The statement wasn’t overly hawkish but with a huge boost when recent unemployment figures reported a fall from 4.4% to 3.9% the kiwi has 0.9400 (1.0640) now in its sights. Australian wage index Wednesday together with unemployment numbers Thursday should support the Aussie with a reversal back towards 0.9300 (1.0750). Last week we reported prices at 0.9300 were fairly lofty, buyers of AUD should consider current levels here, as we don’t think these will last.

Exchange Rates
Current Level: 0.9360 (1.0673)
Resistance: 0.9385 (1.1000)
Support: 0.9090 (1.0658)
Last week’s Range: 0.9216-0.9365 (1.0678-1.0851)

View NZDAUD charts

The New Zealand Dollar (NZD), Australian Dollar (NZD/AUD) pair broke from its two week range bound activity breaking topside to 0.9360 (1.0685) before easing back to 0.9300 (1.0750). The RBA offered up no real surprises during Tuesday’s statement – if anything possibly slightly hawkish as they left rates unchanged at 1.50%. The kiwi received a massive boost Wednesday after NZ unemployment data published at 3.9% from the expected 4.4% showing a huge shift in the new number of people entering the workforce. The RBNZ left rates unchanged at 1.75% and will do so well into 2019 possibly 2020. At the moment prices around 0.9300 we think are extremely lofty, any buyers of AUD should seriously consider. Next week’s Australian wage data and unemployment have the ability to bring the Aussie back in favour.

Exchange Rates

The current interbank midrate is:NZDAUD 0.9308   AUDNZD 1.0734
The interbank range this week has been:NZDAUD 0.9209- 0.9335   AUDNZD 1.0712- 1.0859

View NZDAUD charts

The New Zealand Dollar, Australian Dollar (NZD/AUD) pair continues to be range bound. Trading over the past two weeks between 0.9190 (1.0880) and 0.9295 (1.0760) the pair remains in its happy place. We don’t expect a bounce from this range over the week even though we have a bunch of tier one data to publish. We see no surprises from today’s RBA announcement with the benchmark rate to remain at 1.50%. Thursday NZ Reserve Bank governor Adrian Orr is expected to leave rates unchanged at 1.75%. Even though statistics show the economy has grown over the past few months economists are still questioning this suggesting a slow down is on the horizon with business confidence remaining at low levels. Currently trading at 0.9230 (1.0835) Tuesday lunch.

Exchange Rates
Current Level: 0.9233 (1.0820)
Resistance: 0.9260 (1.0750)
Support: 0.9300 (1.0800)
Last Week’s Range: 0.9493-0.9263 (1.0796-1.0878)

View NZDAUD charts

The New Zealand Dollar (NZD), Australian Dollar (AUD) cross has been choppy all week. Bouncing around the chart from 0.9195 (1.0875) Monday to 0.9260 (1.0800) Wednesday, back to 0.9195 (1.0875) Thursday and 0.9225 (1.0840) currently midday Friday. Australian Trade Balance figures printed showing a massive surplus of 3.01 Billion compared to the 1.71 Billion markets were expecting initially pushing the Aussie Dollar higher, but with Chinese data supporting both currencies the NZD went along for the ride matching the Aussie rally. Next week both Central Banks will announce their Cash rates with no changes expected from the 1.75% and 1.50%- (NZ). We don’t expect much volatility on both sides with recent rhetoric regarding monetary policy to remain.

Exchange Rates

The current interbank midrate is:NZDAUD 0.9242   AUDNZD 1.0820
The interbank range this week has been:NZDAUD 0.9161 – 0.9259   AUDNZD 1.0800 – 1.0915

View NZDAUD charts

The New Zealand Dollar (NZD), Australian Dollar (AUD) cross opened at 0.9200 (1.0870) and regained most of last week’s losses but has since fallen back to 0.9240 (1.0820) as investors backed the Aussie. A retest of last week’s high of 0.9300 (1.0750) still looks possible if Australian Retail Sales prints well and NZ ANZ Business confidence doesn’t. Aussie quarterly CPI tomorrow is expected to print softer than recent numbers which could assist the NZD. Long term we still support downward bias in the pair as we have been saying for a couple of months now, but the NZD remains bafflingly stubborn.

Exchange Rates
Current Level: 0.9234 (1.0822)
Resistance: 0.9295 (1.0885)
Support: 0.9185 (1.0760)
Last Week’s Range: 0.9161-0.9279 (1.0777-1.0915)

View NZDAUD charts

The New Zealand Dollar (NZD) gaped to 0.9295 (1.0785) in early Monday’s trading against the Australian Dollar (AUD). Thin markets due to a NZ holiday the cause, the highest level in the cross since late June 2018. The Aussie fought back with the pair drifting lower back to 0.9200 (1.0870) Thursday. We still believe these levels above 0.9200 are unsubstantiated but the kiwi has shown extreme resilience over the past couple of months, so we are also not surprised. We should see increased volatility next week with a number of key releases to print – Aussie CPI and Retail Sales along with NZ Business confidence. We think price should return to the 0.9100 (1.0989) area with further downside expected longer term.

Exchange Rates

The current interbank midrate is:NZDAUD 0.9218   AUDNZD 1.0840
The interbank range this week has been:NZDAUD 0.9200 – 0.9301   AUDNZD 1.0751 – 1.0870

View NZDAUD charts

This week has finally seen the NZDAUD cross rate break out of what has become a very familiar (read: boring) range. For much of the past few months the New Zealand dollar has struggled to maintain any move above 0.9200 against its Australia cousin, but in the wake of Tuesday’s stronger than forecast NZ inflation data the pair made it all the way to 0.9245. The NZD stalled at that level however and then dipped back below 0.9200 after yesterday’s news that the Australian unemployment rate fell to 5.0% from 5.3% prior. Overnight, the NZD has regained the 0.9200 level to now trade around 0.9218, but the 0.9250 area will continue to provide solid resistance and barring a nasty short squeeze in the NZD, we suspect it will to cap to topside.

Exchange Rates

The current interbank midrate is:NZDAUD 0.9216   AUDNZD 1.0850
The interbank range this week has been:NZDAUD 0.9131 – 0.9245   AUDNZD 1.0817 – 1.0952

View NZDAUD charts

The New Zealand Dollar (NZD) is back trading above 0.9200 levels against the Australian Dollar (AUD) after NZ quarterly CPI sent the kiwi higher across the board. Quarterly CPI released Tuesday at 0.9% well above market predictions of 0.7%, year on year sits at 1.9% well above the RBNZ’s earlier forecasted 1.4%. Post the release the kiwi travelled to 0.9237 before dropping back. Investors now target Thursday’s Aussie employment numbers for confirmation of support above 0.9200. Last month’s August job numbers showed a massive increase of 44,000 were added to the workforce – expectation are high for good print of September figures. This will certainly put pressure on the kiwi in the medium term.

Exchange Rates
Current Level: 0.9207 (1.0847)
Resistance: 0.9250 (1.0950)
Support: 0.9130 (1.0810)
Last Week’s Range: 0.9096-0.9237 (1.0826-1.0994)

View NZDAUD charts

The Kiwi dollar (NZD) reached a low of 0.9100 (1.0989) this week against the Australian dollar (AUD) but is still knocking around in recent ranges. With the Aussie dollar marginally trading lower after RBA Ellis’s speech the pair squeezed higher to 0.9160 (1.0920). Up around these levels the pair is unsubstantiated and we feel it’s one of those occasions where the market can move in strange ways. The current 10 year average back to 2008 is 0.8620 (1.1600) with the 5 year average back to 2013 of 0.9280 (1.0775). This puts perspective on how the New Zealand Dollar has crept up over the years based on economic changes. The pair looks to be capped at 0.9200 levels until atleast next week’s NZ quarterly CPI release Tuesday.

Exchange Rates

The current interbank midrate is:NZDAUD 0.9161   AUDNZD 1.0916
The interbank range this week has been:NZDAUD 0.9096 – 0.9178   AUDNZD 1.0896 – 1.0994

View NZDAUD charts

The New Zealand Dollar (NZD), Australian Dollar (AUD) pair is still bouncing around within recent ranges but closer to the bottom of our support area of 0.9050 (1.1050) Tuesday. Both currencies have reported weaker than expected economic data recently after the RBA left rates unchanged at 1.5% last week. 20 years ago we rarely saw the currency go higher than about 0.8200 (1.2195) with the average around the 0.8100 (1.2345) area. The current 10 year average back to 2008 is 0.8620 (1.1600) with the 5 year average back to 2013 of 0.9280 (1.0775). This puts perspective on how the New Zealand Dollar has crept up over the years based on economic changes. Perhaps over the next 5 years we could see an average higher than 0.9280 (1.0775)? The pair seem solid around the 0.9100 (1.0990)-0.9200 (1.0870) zone. NAB Aussie Business confidence just released slightly better than expected strengthening the cross around 0.9110 (1.0977) levels.

Exchange Rates
Current Level: 0.9105 (1.0980)
Resistance: 0.9175 (1.1000)
Support: 0.9090 (1.0900)
Last Week’s Range: 0.9108-0.9182 (1.0890-1.0979)

View NZDAUD charts

The Australian Dollar (AUD), New Zealand Dollar (NZD) pair is still range bound trading around the 0.9150 area. The RBA Tuesday left the cash rate unchanged at 1.50% saying rising household debt levels and falling house prices are an issue. Inflation forecasts around the 3% level are expected in 2019. Camped out around current levels the three month range formation is still 0.9040 (1.1065) on the downside to 0.9225 (1.0840) and looks to hold for a while longer. Today’s Australian Retail Sales could offer up a little volatility.

Exchange Rates

The current interbank midrate is:NZDAUD 0.9153   AUDNZD 1.0917
The interbank range this week has been:NZDAUD 0.9131- 0.9184    AUDNZD 1.0889- 1.0952

View NZDAUD charts

NZ Institute of business Confidence printed below market expectations to -30 this morning bouncing the Aussie higher to 0.9130 (1.0945). The significant aspect of the Business confidence figure is that it’s the lowest reading since 2009 and coincidentally correlates to the end of a 9 year term in power with the Labour government. The three month range formation is still 0.9040 (1.1065) on the downside to 0.9225 (1.0840) and looks to hold for a while longer. Today’s RBA announcement should highlight more of the same rhetoric with another Global Dairy Auction overnight. NZ dairy interests will be crossing their fingers on a positive result given the last three have been negative.

Exchange Rates
Current Level: 0.9137 (1.0937)
Resistance: 0.9200 (1.1000)
Support:0.9090 (1.0870)
Last Week’s Range: 0.9131 – 0.9220 (1.0846-1.0942)

View NZDAUD charts

Another week of no excitement in the Australian Dollar (AUD), New Zealand Dollar (NZD) pair with not a lot to see in the cross. Flatlining for a large part of the week except for a short stint at 0.9210 (1.0860) early in the week with NZ ANZ business confidence giving the kiwi a kick higher. Trading Friday midday around mid 0.91’s it looks extremely vulnerable to doing nothing for the remainder of the week. Perhaps next week’s RBA announcement may spark some movement but i’m not holding my breath. At this point it would take a fairly hefty surprise to markets to shift the cross into the 0.89’s.

Exchange Rates
The current interbank midrate is:NZDAUD 0.9166   AUDNZD 1.0902
The interbank range this week has been:NZDAUD 0.9149- 0.9220   AUDNZD 1.0846- 1.0930

View NZDAUD charts

The New Zealand dollar (NZD) has underperformed on this cross and is now back around the 0.9150 level. It should stay in a sideways pattern until the RBNZ data Thursday although tomorrow’s Business confidence data could see the NZD sag a little on this cross towards 0.9100. With better Aussie economic stats likely over the next few months we expect a broader medium term move towards 0.8950.

Exchange Rates
Current Level: 0.9146 (1.0933)
Resistance: 0.9250 (1.0989)
Support: 0.9100 (1.0810)
Last Week’s Range: 0.9090-0.9188 (1.0884-1.1001)

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After a making a 0.9081 low earlier in the week the NZD rallied on this cross to a high of 0.9173 on release of the NZ GDP data. Now trading at 0.9170 we expect trading to consolidate around current levels heading into next week and the US Fed rate decision. Given better Aussie data, we look for a gradual move back towards the 0.9100 level over the next week or two, but for now the cross seems to have some support.

Exchange Rates

The current interbank midrate is:NZDAUD 0.9170   AUDNZD 1.0905
The interbank range this week has been:NZDAUD 0.9090 – 0.9197   AUDNZD 1.0873 – 1.1001

View NZDAUD charts

A range bound theme is still in play with the Australian Dollar (AUD) , New Zealand Dollar (NZD) cross entering the fourth week of price action between 0.9115 (1.0970) and 0.9215 (1.0850). The kiwi is proving to be incredibly resilient with recent data really showing a lower valued NZD but this never eventuates. We doubt second quarter NZ GDP will bump the 0cross from its happy zone, also RBA minutes of the August monetary meeting shouldn’t upset the apple cart either. We should see more of the same for a while yet.

Exchange Rates
Current Level: 0.9170  (1.0895)
Resistance:  0.9115 (1.0860)
Support: 0.9215 (1.0980)
Last Week’s range: 0.9096 – 0.9197 (1.0873-1.0994)

View NZDAUD charts

The New Zealand Dollar (NZD) is proving to be extremely resilient against the Australian Dollar (NZD) not only this week but for some time now. Aussie job numbers released well above markets expectations at 44,000 smashing the 16,500 experts were predicting. The pair travelled to 0.9100 on the news with a view of 0.9000 (1.1100) in sight. Wrong – the kiwi strengthened back to 0.9145 and now looks to retest 0.9200 (1.0870). Markets will not let the cross go lower – next week we have NZ GDP, if the data prints well who knows, maybe we take another look at 0.9300 (1.0750)?

Exchange Rates

The current interbank midrate is:NZDAUD 0.9149   AUDNZD 1.0930
The interbank range this week has been:NZDAUD 0.9096 – 0.9204   AUDNZD 1.0865 – 1.0994

View NZDAUD charts

The New Zealand Dollar (NZD), Australian Dollar (AUD) pair closed the week around the 0.9200 handle with the NZD fairing slightly favourable amid further trade war headlines. Consolidating around the 0.9170 mark Tuesday we look ahead to the main tier one event of note this week – Australian Employment Thursday to hopefully break the current range bound cycle. Buyers of Aussie should look at these levels as we compare the low of 0.9090 late last week. In the long term view we are still trading in the bearish channel from 12 April’s 0.9520 (1.0500) and should ease lower towards 0.9100 levels in the coming days.

Exchange Rates
Current Level: 0.9177 (1.0887)
Resistance: 0.9225 (1.1000)
Support: 0.9090 (1.0840)
Last Week’s Range: 0.9075 – 0.9204  (1.0865 – 1.1019)

View NZDAUD charts

It’s been a very interesting week for the NZDAUD cross rate. Strong Australian GDP data helped to drive the pair down to a low of 0.9075 mid-week, but the New Zealand (NZD) dollar staged a somewhat surprising recovery all the way back to 0.9185 yesterday. It’s incredibly hard to justify why the NZDAUD recovered so sharply, we continue to believe the pair should be trading lower, but markets love to surprise, and yesterday’s move did just that! The key resistance level to watch comes in around 0.9200. Only a sustained break above that would make us really question our current bearish view. While the pair came close to that resistance level yesterday, it was never really challenged, and we have seen a gradual decline since then. Those looking to purchase Australian dollars (AUD) should consider current levels as still being attractive.

Exchange Rates

The current interbank midrate is:NZDAUD 0.9148    AUDNZD 1.0931
The interbank range this week has been:NZDAUD 0.9075 – 0.9212    AUDNZD 1.0856 – 1.1019

View NZDAUD charts

The New Zealand dollar (NZD) spent much of last week gaining ground over its Australian cousin, the AUD, briefly trading over 0.9200 (1.0870). Thursday’s release of NZ business confidence completely undermined the currency though and the NZDAUD has been in a downward trend since then. That 0.9200 (1.0870) area also marked key technical resistance and the rejection from that level leaves the pair looking vulnerable to further losses. Currently trading around 0.9150 (1.0929), the market will be focused on today’s Reserve Bank of Australia (RBA) rate statement for immediate direction.

Exchange Rates
Current Level: 0.9157 (1.0921)
Resistance: 0.9208 (1.1000)
Support: 0.9091 (1.0860)
Last Week’s Range: 0.9109 – 0.9212 (1.0856 – 1.0979)

View NZDAUD charts

Australian data published has weakened the Aussie Dollar (AUD) against the New Zealand Dollar (NZD) pushing the pair from 0.9100 (1.0980) levels to 0.9190 (1.0880). NZ ANZ Business confidence posted a poor result as markets were generally expecting but the shock NZD sell off was surprising. Friday on the chart is showing a kiwi (NZD) led recovery back to the 0.9150 mark. Direction at this point is extremely difficult to gauge. Next week’s heavy week of Australian economic releases will give us more of a clue with Retail Sales, Current Account, quarterly GDP and the RBA Cash Rate. The current rate of 1.50% is expected to remain unchanged but the monetary policy announcement will bring out the normal trader excitement.

Exchange Rates

The current interbank midrate is:NZDAUD 0.9156   AUDNZD 1.0912
The interbank range this week has been:NZDAUD 0.9094- 0.9197   AUDNZD 1.0873- 1.0997

View NZDAUD charts

The NZD remains under pressure on this cross as the AUD recovers from the politics led sell-off last week…now at 0.9115 against the AUD the NZD looks soft and we expect a test of 0.9100/0.9090 levels  over the next couple of days…immediate resistance is at the 0.9150 level but this looks very safe for now..

Exchange Rates
Current Level: 0.9123 (1.0954)
Resistance: 0.9165 (1.1050)
Support: 0.9050 (1.0910)
Last Week’s Range: 0.9043 – 0.9169 (1.0906-1.1058)

View NZDAUD charts

It’s been one way traffic over the week with the Australian Dollar (AUD) the weakest currency of the majors. The New Zealand Dollar (NZD) has made inroads pushing through 0.9100 (1.0990) resistance to reach 0.9150 (1.0930) Friday lunch a monthly high. The bearish channel is still in play from the high of 0.9530 (1.0490). A break through 0.9225 (1.0840) is key to the kiwi pushing higher. We think 0.9200 is very toppish and expect support in the Aussie Dollar to return once political leadership uncertainties blow over in Australia.

Exchange Rates

The current interbank midrate is:NZDAUD 0.9160   AUDNZD 1.0912
The interbank range this week has been:NZDAUD 0.9038- 0.9169   AUDNZD 1.0906- 1.1065

View NZDAUD charts

The New Zealand Dollar (NZD), Australian Dollar (AUD) pair continued where it left off last week easing lower from the open of 0.9072 to trade around the 0.9045 (1.1056) mark. Light support around 0.9050 (1.1050) was broken Tuesday as it heads towards 0.9000 (1.1110). With NZ Retail Sales the main news item on the calendar this week, this should show an improvement on last month’s poor figures and support the kiwi Wednesday. Our view is that current price wont deviate much between the range of 0.9000 (1.1110) and 0.9100 (1.0989). Second tier Australian construction may have a small impact Wednesday but we doubt it.

Exchange Rates
Current Level: 0.9044 (1.1049)
Resistance: 0.9090 (1.1170)
Support: 0.8950 (1.1000)
Last Week’s Range: 0.9038 – 0.9101 (1.0987 – 1.1065)

View NZDAUD charts

The New Zealand Dollar (NZD), Australian Dollar (AUD) pair has traded in a tight range over the week taking a breather from last week’s price volatility. Starting out at 0.9035 (1.1070) the kiwi recovered some of last week’s losses travelling back to 0.9105 (1.0983). Over the past two days it has not varied much from the 0.9070 (1.1025) consolidating area. Aussie unemployment boosted AUD prices after releasing at 5.3% from 5.4% markets were expecting. Fridays NZ Producer Price Index has printed higher than the expected 0.2% inflation figure at 1.0% lifting the NZD a quarter percent towards 0.9100 (1.0989), with higher fuel pump and whole milk prices making up a decent chunk of the rise. Next week’s NZ Retails Sales and RBA Minutes are the two economic headlines to watch.

Exchange Rates

The current interbank midrate is:NZDAUD 0.9067   AUDNZD 1.1029
The interbank range this week has been:NZDAUD 0.8955 – 0.9101   AUDNZD 1.0987 – 1.1167

View NZDAUD charts

The New Zealand Dollar (NZD), Australian Dollar (AUD) has leveled off this week to consolidate around the 0.9050 (1.1050) area. Reaching a low of 0.8950 (1.1170) the cross was not happy there and rebounded back above 0.9000 (1.1100) where markets saw true value. Profit taking on short positions in the market were closed out creating a spike higher disappointing investors they would see 0.8900 (1.1236) broken. With a fair chunk of data to come this week we could still see NZD decline further if Aussie data surprises markets with unemployment numbers and wage price index. We are trading close to 0.9000 (1.1100) but this physiological figure will tough to penetrate. Support below this level is at 0.8850- the October 2017 low.

Exchange Rates
Current Level: 0.9055 (1.1035)
Resistance: 0.9225 (1.1175)
Support: 0.8950 (1.0840)
Last Week’s range: 0.8948 -0.9111 (1.0976 – 1.1176)

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The New Zealand Dollar (NZD) is back in the 0.89’s versus the Australian Dollar (AUD) after NZD weakness saw the kiwi slide its biggest one day move in months. October 2017 was the last time we have seen the pair at 0.8950 (1.1175). RBA Tuesday was generally benign as markets were expecting but the RBNZ yesterday was not. The cash rate remains unchanged at 1.75% but Adrian Orr commented on the potential to possibly lower rates if growth slows.  This statement was seen as more dovish than markets were anticipating with the cash rate expecting to stay low well into mid-2020. With the cross now at 0.8950 midday Friday we expect further weakness in the NZD over the coming weeks.

Exchange Rates

The current interbank midrate is:NZDAUD 0.8951   AUDNZD 1.1157
The interbank range this week has been:NZDAUD 0.8948- 0.9156   AUDNZD 1.0922- 1.1176

View NZDAUD charts

Australian Dollar (AUD) strength has dominated the New Zealand Dollar (NZD) over the past 9 days or so as we have seen it break from the recent medium term range to trade to 0.9105 (1.0983) Tuesday lunch. To be fair it’s been all one way traffic since Australian Trade Balance and Retail Sales Friday printed up on expectation turboing the Aussie’s momentum. With the cross trading just shy of key support of 0.9100 from 2 July, the RBA cash rate announcement this afternoon will be important for a further push lower. Markets are expecting a slightly dovish view of the economic future with widespread expectations they will keep the rate at 1.50% for a record 24th consecutive month. I’m reluctant to offer my view of a softer AUD post RBA (I think I just did) but something tells me we could see 0.90’s develop.

Exchange Rates
Current Level: 0.9103 (1.0971)
Resistance: 0.9140 (1.0989)
Support: 0.9100 (1.0920)
Last Week’s Range: 0.9105 – 0.9207 (1.0862 – 1.0983)

View NZDAUD charts

The New Zealand Dollar (NZD) briefly broke rank early in the week when it traded to 0.9225 (1.0840) versus the Australian Dollar (AUD) as we commented. We spoke about a strong possibility the pair would trade back in its comfort zone in the 0.91’s and this is exactly what happened retracing back to 0.9150 (1.0930) midday Friday. Aussie Building Approvals printed at 6.4% from the predicted 1.1% taking the Aussie (AUD) off its low of 0.9225 (1.0840), NZ employment figures didn’t impress, the NZD travelling further south. Nice going to all our customers who had orders in place and executed trades buying AUD with the wholesale rate up over 0.9200. Next week will make for an interesting week with both RBA and RBNZ announcements along with key monetary policy statements. We hope to get more of an idea of future direction with central bank comments.

Exchange Rates

The current interbank midrate is:NZDAUD 0.9136  AUDNZD 1.0946
The interbank range this week has been:NZDAUD 0.9136 – 0.9223   AUDNZD 1.0842 – 1.0946

View NZDAUD charts

Wow, the New Zealand Dollar (NZD) has made a push higher against the Australian Dollar (AUD). I’m surprised it has actually broken through the resent ranges and sits at 0.9210 (1.0858). We are not out of the woods yet with ANZ business confidence very likely to take the pair back into the 0.91’s. With NZ Employment data printing tomorrow we could get further volatility in the cross with Trade Balance and Retails Sales also later in the week. Topside looks a long way off at 0.9260 with expectations back towards 0.9100 we think. If you are waiting for 0.9300 or close to it, I would aim for a maximum of 0.9250, at the wholesale level, with orders. Given the potential for “swings” this week orders will be the way to go so extremes are not missed.

Exchange Rates
Current Level: 0.9195 (1.0860)
Resistance: 0.9225 (1.0970)
Support: 0.9115 (1.0840)
Last Week’s Range: 0.9150 – 0.9223 (1.0842-1.0929)

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Every time I glance over at the NZD/AUD price it seems to be exactly the same. This week has really not been any different to the last few. Maintaining a tight range of between 0.9145 (1.0935) and 0.9210 (1.0860). This equates to an incredibly tight band of 65 points over the week. A lack of kiwi economic data and a slightly, some would say insignificant Aussie quarterly CPI number has created tight trading conditions. ANZ Business confidence and unemployment figures are the highlights next week along with Aussie Retail Sales. Hopefully we will see a retest of 0.9100 (1.0990) or should I say – some excitement.

Exchange Rates

The current interbank midrate is:NZDAUD 0.9186   AUDNZD 1.0875
The interbank range this week has been:NZDAUD 0.9148- 0.9207   AUDNZD 1.0862- 1.0931

View NZDAUD charts

The New Zealand Dollar (NZD), Australian Dollar (AUD) cross extends its 4th week of range bound activity with the high of 0.9220 (1.0850) and low of 0.9100 (1.0990) in place. We still see “eventually” a shift to the downside through 0.9100 with Aussie Optimists outweighing the pessimists. Confidence is holding up with solid economic growth, home prices and improving wage growth. Wednesday’s Australian quarterly CPI is the key economic release this week and should show improving numbers higher than 0.4% of April. With the cross trading at 0.9190 (1.0870) currently we expect this to drift lower back to the range low of 0.9100

Exchange Rates

Current Level: 0.9189 (1.0871)

Resistance: 0.9220 (1.0990)

Support: 0.9100 (1.0850)

Last Week’s range: 0.9137 – 0.9206 (1.0862 – 1.0945)

View NZDAUD charts

This cross has ranged over 0.9104-0.9199 for the week, currently around 0.9160. The stronger Aussie employment data yesterday saw this cross lower, but global events dominate, further NZD downside has been constrained by the weaker Aussie based commodity prices, but we still look for the NZD to test back to the 0.9090 level on this cross into next week.

Exchange Rates

The current interbank midrate is:NZDAUD 0.9178   AUDNZD 1.0895
The interbank range this week has been:NZDAUD 0.9092 – 0.9206   AUDNZD 1.0862 – 1.0998

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Not much action in this cross over the last few days as it remains stuck in a 40 odd point range between 0.9142-0.9101. Today’s NZ CPI release has had little effect with the pair now trading at 0.9140 as some short NZD positions are squared up after the CPI figure. Today’s RBA minutes may weaken the AUD, but we see only restricted downside for the AUD on this cross. The NZD downside still favoured.

Exchange Rates
Current Level: 0.9146 (1.0934)
Resistance: 0.9250 (1.0989)
Support: 0.9100 (1.0810)
Last Week’s Range: 0.9092 – 0.9199 (1.0871 – 1.0998)

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The NZD has held its ground on this cross over the week, trading in a 0.9196-0.9131 range as bother the NZD and AUD have been knocked around by the Sino-US trade war developments…currently trading towards the bottom of this range around the 0.9135 mark…downside is favored but look for the 0.9100-0.9150 levels to hold heading into next week…a break of 0.9090 would threaten the 0.9025/35 level.

Exchange Rates
The current interbank midrate is:NZDAUD 0.9143   AUDNZD 1.0928
The interbank range this week has been:NZDAUD 0.9133- 0.9212   AUDNZD 1.0855- 1.0950

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After a high of 0.9196 yesterday the NZD is now back around 0.9160 …the NZD looks as if it has run out of puff on this cross and if Aussie data remains positive look for a test of the 0.9120/25 level over the next day or so….medium term we favour a return to previous lows at the 0.9090 mark, a break of which would see 0.9025/30 targeted..

Exchange Rates
Current Level: 0.9153 (1.0916)
Resistance: 0.9250 (1.0989)
Support: 0.9100 (1.0810)
Last Week’s Range: 0.9097-0.9212 (1.0855-1.0992)

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The New Zealand Dollar (NZD) stalled around 0.9100 Tuesday against the Australian Dollar and rallied back to 0.9190 overnight. Investors have clearly indicated an oversold level at 0.9100 bidding the cross higher. We suspect we may still see further weakness in the New Zealand Dollar (NZD) but breaking lower through 0.9000 (1.1111) may be optimistic, certainly anything low 0.9000’s represents great selling relative to the 0.9545 (1.0480) high back around mid April 2018. Non-Farm Payroll prints tonight.

Exchange Rates

The current interbank midrate is:NZDAUD 0.9190   AUDNZD 1.0875
The interbank range this week has been:NZDAUD 0.9097- 0.9203   AUDNZD 1.0865- 1.0992

View NZDAUD charts

Congratulation to all those sellers of AUD who have waited patiently for the ar#e to drop out of the New Zealand Dollar (NZD). The NZD/AUD traded down to 0.9098 (1.09915) overnight the lowest level since 31 January 2018. We suspect we may still see further weakness in the New Zealand Dollar (NZD) but breaking lower through 0.9000 (1.1111) may be optimistic but certainly anything low 0.9000’s is great selling based on the 0.9545 (1.0480) high back during mid-April 2018. We have seen a rebound over the last few hours back to 0.9160 (1.0920), again well done to clients who have had orders trigger in the last day of trading, orders are the way to take advantage of favourable spikes such as these. We should see a relatively quiet end to the week with only Aussie Retail Sales to print this afternoon to shift things about.

Exchange Rates
Current Level: 0.9131 (1.0944)
Resistance: 0.9185 (1.100)
Support: 0.9090 (1.0890)
Last Week’s Range: 0.9097 – 0.9272 (1.0785 – 1.0992)

View NZDAUD charts

The Australian Dollar (AUD) has edged higher against the New Zealand Dollar (NZD) over the week. From the weekly open of 0.9300 (1.0750) to trade currently at 0.9190 (1.0880) almost entirely based on weaker than expect NZ data, the kiwi has struggled to gain any traction. ANZ Business confidence published at -39.0 down from last month figure of -27.2 highlighting an alarming dislike by NZ business owners for the new labour led government. The RBNZ cash rate announcement showed no surprises with markets generally expecting a dovish statement with the rate remaining unchanged at 1.75%. Adrian Orr hinted the economy could be operating at slightly slower than anticipated at this stage of the year. He said while the May monetary policy remains intact the main drivers of the economy may not be as strong as first thought. Support lies at 0.9140 (1.0940), the way the kiwi is being sold off its possible we could see this price by close of week.

Exchange Rates
The current interbank midrate is:NZDAUD 0.9174   AUDNZD 1.0901
The interbank range this week has been:NZDAUD 0.9176 – 0.9335   AUDNZD 1.0713 – 1.0897

View NZDAUD charts

The New Zealand Dollar (NZD) Australian Dollar (AUD) cross has traded in a tight range since last Wednesday between the low of 0.9285 (1.0770) and the high of 0.9345 (1.0700). Currently trading at 0.9300 (1.0750) we wait for a break lower to possibly 0.9225 (1.0840) with RBNZ on the calendar Thursday. Markets are expecting a dovish statement, in light of no economic data to release this week on the Australian docket we think the pair may drift lower. ANZ Business confidence is first up tomorrow and should give us a gauge of movement depending on if this is positive- we expect not.

Exchange Rates
Current Level: 0.9293 (1.0751)
Resistance: 0.9390 (1.0800)
Support: 0.9260 (1.0650)
Last Week’s Range: 0.9276 – 0.9381 (1.0660 – 1.0780)

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The New Zealand Dollar (NZD) was sold off Thursday against the Australian Dollar (AUD) from the weekly high of 0.9381 (1.0660) down to 0.9300 (1.0750) based on weaker than expected GDP. The quarterly figure printed at 0.5% which was in line with markets expectations but down 0.1% on each of the previous two quarters. Year on year the economy grew 2.7% but this was lower than the 2.9% from the previous year. Next week we have NZ Trade Balance and the all important Official Cash rate, which is expected to remain unchanged at 1.75%. A light Australian calendar next could see a tight range of trading in the pair if no significant surprises come out of the RBNZ statement Thursday.

Exchange Rates

The current interbank midrate is:NZDAUD 0.9315   AUDNZD 1.0725
The interbank range this week has been:NZDAUD 0.9278- 0.9381   AUDNZD 10660- 1.0778

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Surprisingly we are now staring down the barrel of 0.9400 again as the New Zealand gradually gains on the Australian Dollar (AUD). Sitting currently at 0.9350 the Aussie continues to depreciate leading into the RBA minutes later today. The rapid turnaround from 0.9130 (1.0950) is hard to analyse with very few economic indicators publishing of late representing a higher valued NZD. All we can say with certainty is that there has been a widespread sell off in Australian Dollars (AUD) across the board. Unless the RBA minutes are positive today and Thursdays New Zealand’s GDP figures are well off the mark we see nothing really which could bring about a turn around and a reversal lower for now.

Exchange Rates
Current Level: 0.9340 (1.0700)
Resistance: 0.9370 (1.0750)
Support:  0.9300 (1.0675)
Last Week’s Range: 0.9224-0.9368 (1.0675 – 1.0841)

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The New Zealand Dollar (NZD) comfortably pushed past 0.9300 (1.0750) against the Australian Dollar (AUD) Friday, extending its gain higher from the weekly open of 0.9260 (1.0800). The current level of 0.9320 presents Fibonacci resistance topside with the 50% retracement of the high of 0.9525 (1.0500) and the low of 0.9140 (1.0940) coming into play. RBA’s governor Lowe spoke yesterday sending the same rhetoric to markets with a delayed hike to rates depending on wage growth. Unemployment figures were mixed weakening the Aussie Dollar further. Deja vu on the mind from the recent early April spike through 0.9500, we think the kiwi is overvalued again, RBA minutes is Tuesday to confirm further direction.

Exchange Rates
The current interbank midrate is:NZDAUD 0.9315  AUDNZD 1.0731
The interbank range this week has been:NZDAUD 0.9219- 0.9339   AUDNZD 1.0708- 1.0847

View NZDAUD charts

Resistance of 0.9220 (1.0845) was broken late last week when the New Zealand Dollar (NZD) rallied to 0.9285 (1.0770). The Australian Dollar has since reversed some of these losses as the pair travelled to 0.9225 (1.0840) prior to the Trump- Kim Jong-un meeting in Singapore. With the historic meeting about to kick currencies will remain fickle as the meeting nears. We suspect movement will be limited to the pair with the US Dollar to possibly drift higher as risk sentiment starts to dissipate. Later in the week Aussie unemployment figures will release with NZ business Manufacturing figures to follow. 0.9130 (1.0940) may be retested over the following few days with support still solid at 0.9040 (1.1070). Expect plenty of noise coming out of Singapore over the coming hours.

Exchange Rates
Current Level: 0.9226 (1.0830)
Resistance: 0.9285 (1.0900)
Support: 0.9174 (1.0770)
Last Week’s Range: 0.9172 – 0.9277 (1.0780 – 1.090)

View NZDAUD charts

Strong resistance has developed at 0.9230 (1.0830) in the New Zealand Dollar (NZD), Australian Dollar (AUD) pair. Three times over the week we have seen bounces off this level. The Aussie rallied off the back of a hawkish RBA statement which suggested further growth and lower unemployment. Later quarterly GDP also posted positive news highlighting an economy accelerating faster than expected with figures of 1% instead of the predicted 0.9%. We expect the current swings to continue and the cross to trade back to the lower band of 0.9170 (1.0900) over the following week. Aussie employment data prints next Thursday with another light week of data for NZ with only Business manufacturing index.

Exchange Rates

The current interbank midrate is:NZDAUD 0.9215   AUDNZD 1.0845
The interbank range this week has been:NZDAUD 0.9172- 0.9275   AUDNZD 1.0782- 1.0903

View NZDAUD charts

The New Zealand Dollar (NZD) bounced lower off 0.9285 against the Australian Dollar (AUD) Friday, retracing earlier moves. Stronger than predicted Australian retail sales at 0.4% from 0.3% expected boosted the Aussie, driving the cross rate to fresh lows of 0.9190 (1.0880), along with quarterly Company Profits showing renewed enthusiasm in the Australian economy. With the Current Account printing a slightly negative result of -10.5B the pair has travelled marginally higher to 0.9210. RBA announcement is this afternoon with rates expected to remain unchanged at 1.50%. We expect the bias to be a hawkish statement in line with recent positive data and put pressure on the NZD over the week.

Exchange Rates

The current interbank midrate is:NZDAUD 0.9201   AUDNZD 1.0860
The interbank range this week has been:NZDAUD 0.9183- 0.9279   AUDNZD 1.0778- 1.0890

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The bearish channel we have spoken about from the high of 0.9540 (1.0480) to 0.9130 (1.0950) has been broken overnight. The New Zealand Dollar (NZD) has retracted its early May losses against the Australian Dollar (AUD) to push back to trade at 0.9260 (1.0800). ANZ Business confidence did no favours for the NZD as NZ business sentiment got a tad gloomier but any weakness which was to transpire was quickly netted with Australian Capital Expenditure when the number expected of 0.8% came in significantly lower at 0.4% – a leading indicator of economic stability. The RBA release their Cash rate next week on Tuesday which is expected to remain unchanged at 1.50%. We also see Australian Retail Sales and Trade Balance highlighting a busy week on the calendar. Don’t forget Monday is a holiday in NZ with Queens Birthday.

Exchange Rates

The current interbank midrate is:NZDAUD 0.9265   AUDNZD 1.0789
The interbank range this week has been:NZDAUD 0.9165- 0.9272   AUDNZD 1.0770- 1.0910

View NZDAUD charts

The New Zealand Dollar (NZD) has broken through 0.9160 resistance against the Australian Dollar (AUD). Trading immediately higher off the weekly open the pair travelled to 0.9210 (1.086) Tuesday. The bearish channel is still in play until a break higher through 0.9230 (1.0830) is broken. Australian Building approvals release tomorrow along with the RBNZ stability Report. As long as the China /US trade war is ends amicably for the Chinese this should create further economic certainty in Australia and lead to a stronger AUD in the medium to long term. Buyers of Aussie – hey it’s still in the 0.90’s over 6 cents higher than the historical 20 year average.

Exchange Rates

Current Level: 0.9203 (1.0866)

Resistance:  0.9242 (1.0950)

Support: 0.9132 (1.0820)

Last Week’s Range: 0.9133 – 0.9122 (1.0856 – 1.0956)

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The New Zealand Dollar (NZD) returned to 0.9210 (1.0857) earlier in the week but has since consolidated around the 0.9150 (1.0930) mark over the past few days against the Australian Dollar (AUD). RBA governor Lowe spoke Wednesday and highlighted the debt risks facing China since the GFC in 2008 and how they could impact on the Australian economy given the strong trading relationships the two countries have. China officials have been vocal recently over the arrogance of the Australian media straining key relationships between the two countries. The pair should close the week quietly around current levels. Next week will sees ANZ business confidence and the G7 meeting from Thursday which is a economic meeting about global issues between Canada, Italy, France, Germany, Japan, the UK and the US.

Exchange Rates

The current interbank midrate is:NZDAUD 0.9150   AUDNZD 1.0928
The interbank range this week has been:NZDAUD 0.9137- 0.9214   AUDNZD 1.0852- 1.0944

View NZDAUD charts

The Australian Dollar (AUD) took a break against the New Zealand Dollar (NZD) consolidating around the 0.9150 (1.0950) zone after briefly returning to 0.9210 (1.0860) late last week. Retail sales were down to 0.1% after markets were expecting 1.0% with Core retail sales disappointing also to 0.6% based on 1.1% expected. The RBA governor will speak later tin the week on the Chinese economy with NZ Trade Balance to follow. The pair should track lower to 0.9040 (1.1060) support after breaking past 0.9250 (1.0800) recently especially if NZ Trade figures are worse than forecast.

Exchange Rates

Current Level: 0.9160 (1.0906)

Resistance: 0.9216 (1.1062)

Support: 0.9040 (1.0850)

Last Week’s Range: 0.9140 – 0.9214 (1.0852-1.0940)

View NZDAUD charts

The struggling New Zealand Dollar (NZD) continued its run lower to 0.9180 (1.0890) the fifth week straight against the Australian Dollar (AUD) the kiwi has recorded losses. As we commented some time back, support for the kiwi would run dry and consolidation would be somewhere in the 0.91’s. We have seen it level off over the past two days around 0.9180 (1.08930). The NZ budget offered the kiwi a temporary boost pushing back to 0.9200 (1.0870) levels. Next week looks to be a quiet week for the pair with limited releases to print, NZ quarterly retail sales Monday may dictate the weekly tone.

Exchange Rates

The current interbank midrate is:NZDAUD 0.9168   AUDNZD 1.0908

The interbank range this week has been:NZDAUD 0.9141 – 0.9251   AUDNZD 1.0810 – 1.0940

View NZDAUD charts

The Australian Dollar continued its bullish run against the weakened New Zealand Dollar (NZD) reaching a level of 0.9190 (1.0880) early Tuesday. Trading at 0.9345 during the RBNZ announcement last Thursday the Aussie put on a further 155 points against the struggling NZD. Support is still at 0.9100 (1.1000) but with a number of economic data publications to print later in the week expecting to show a buoyant Australian economy we see the pair retesting 0.9100 this week. The Global Dairy Auction is overnight with Whole Milk values expected to be positive in line with recent prices.

Exchange Rates

Current Level: 0.9175 (1.0899)

Resistance: 0.9300 (1.0989)

Support: 0.9100 (1.0750)

Last Week’s Range: 0.9174 -0.9381 (1.0660-1.0900)

View NZDAUD charts

The New Zealand Dollar (NZD) has continued its drift lower against the Stronger Aussie Dollar (AUD) over the week to 0.9240. Thursday’s RBNZ cash rate meeting took the pair lower on a dovish outlook from the new Reserve Bank governor Adrian Orr after he downgraded the June 2019 cash rate from 1.9% to 1.8%. The benchmark cash rate of 1.75 was left in place where it will remain for some time into 2019. Orr said the next move would be either up or down – only time will tell. The next support level for the cross looks to be around 0.9100 (1.1000) and could be tested next week if the Australian Monetary policy minutes publish hawkish.

Exchange Rates

The current interbank midrate is:NZDAUD 0.9245   AUDNZD 1.0817

The interbank range this week has been:NZDAUD 0.9238 – 0.9381   AUDNZD 1.0660 – 1.0824

View NZDAUD charts

The New Zealand Dollar (NZD) has bounced off key support of 0.9300 (1.7070) against the Australian Dollar late last week and has recently looked to regain earlier losses as it trades back towards 0.9350 (1.0700). The pushback comes in the wake of weaker Chinese Services PMI data which came in weaker than the predicted 52.9 missing the forecasted 53.9. Australian Retails Sales data in the past hour has pressured the AUD, further supporting the NZDAUD cross rate. The RBNZ cash rate announcement on Thursday will now be the main focus. The cash rate of 1.75% is expected to remain unchanged with the normal sluggish growth rhetoric expected in the following monetary statement which could put the NZD under pressure and bring back further selling in the kiwi.

Exchange Rates

Current Level: 0.9350 (1.0695)

Resistance: 0.9380 ( 1.0750)

Support: 0.9300 (1.0660)

Last Week’s Range: 0.9297 – 0.9367 (1.0676 – 1.0756)

View NZDAUD charts

The New Zealand Dollar (NZD) is has been marginally softer over the past few days versus the Australian Dollar (AUD) dropping to a low of 0.9320 (1.0730). The RBA cash rate announcement turned out benign with the benchmark rate remaining unchanged at 1.5%. The talk has been on Australian trade figures as they printed considerably better than predicted at 1.53B from 0.68B forecasted. This rallied the Aussie Dollar off 0.9350 and it has not looked back. Strong support still lies at 0.9250 or (108.10) as it has been for a number of weeks.

Exchange Rates

The current interbank midrate is:NZDAUD 0.9330   AUDNZD 1.0720

The interbank range this week has been:NZDAUD 0.9318- 0.9367   AUDNZD

View NZDAUD charts

The New Zealand Dollar (NZD) extended losses last week against the Aussie Dollar (AUD) falling to fresh lows. It’s not so much a surging AUD but a lack of support by investors at overbought levels of 0.9400 and above. Trading Tuesday at 0.9330 we view further drops back to 0.9250 support are still on the cards in the short to medium term. With the RBA announcement this afternoon to gyrate the pair we should see plenty of movement. As we have said previously we still believe the pair to be overvalued at these levels and further correction should prevail down to 0.9250 then 0.9050 areas. Still great selling opportunities at the current levels. Remember the high from 12 April of 0.9520.

Exchange Rates

Current Level: 0.9325 (1.0720)

Resistance: 0.9380 (1.0822)

Support: 0.9240 (1.0660)

Last Week’s Range: 0.9319 – 0.9372 (1.0670 – 1.0731)

View NZDAUD charts

The Australian dollar (AUD) has outperformed the New Zealand dollar (NZD) this week driving the cross rate down to a low of 0.9320 (high of 1.0730) so far. With little data released from NZ, attention has been on Australian economic releases. Australian inflation came in pretty close to expectation and had little impact, while the Terms of Trade data was mildly supportive for the AUD. We still believe the NZDAUD cross rate is overvalued and we expect further declines, but it may well be slow going and take number of weeks to get back to our target area of 0.9000 to 0.9100. Immediate resistance comes in around 0.9370 and while below that level the near term risks remain skewed to the downside. A break above that level may see some temporary strength develop. We would view that as a good selling opportunity for those looking to transfer NZD to AUD.

Exchange Rates

The current interbank midrate is:NZDAUD 0.9339   AUDNZD 1.0708

The interbank range this week has been:NZDAUD 0.9320 – 0.9415   AUDNZD 1.0621 – 1.0729

View NZDAUD charts

The New Zealand dollar (NZD) lost ground to its Australian cousin over the past week, pulling back from what were surprisingly elevated levels. Has the relentless march higher in the cross, that started late last year, finally come to an end? It’s too early to say, but we’ve certainly been of the opinion that the pair is overvalued and so we’re happy to see some weakness. The key level to now watch is the 0.9370 area. Any significant break below there would likely encourage further selling, opening the way from a much bigger pullback. It would also be a signal that a significant top has been put in place and that the risks have all swung back to the downside.  Australian CPI data due out in the next couple of hours will be key in deciding near term direction, and potentially the fate of the support at 0.9370.

Exchange Rates

Current Level:0.9401 (1.0637)

Resistance: 0.9530 (1.0672)

Support: 0.9370 (1.0493)

Last Week’s range: 0.9371 – 0.9476 (1.0553 – 1.0671)

View NZDAUD charts

The New Zealand Dollar (NZD) continues to slide against the Australian Dollar (AUD) easing off to a low of 0.9380 before rebounding back over the 0.9400 (1.0638) key support, to show 0.9420 (1.0615). Mixed data was released culminating in a weaker kiwi this week with the down around points from the weekly open of 0.9460 (1.0570). Questions this week have been asked around why the sudden reversal in fortunes for the Aussie Dollar after poor job numbers released yesterday have not had a detrimental effect on the AUD. Analysts have indeed pointed out the possible shift could be in the support for commodity prices are supporting the Australian Dollar (AUD). We should get more of an idea next week when Australian quarterly inflation figures are released. We have seen more sellers of AUD come forward this week with potential for more to come out of the woodwork if the pair drops lower, support is still seen around 0.9300 (1.0750) levels.

Exchange Rates

The current interbank midrate is:NZDAUD 0.9388   AUDNZD 1.0652

The interbank range this week has been:NZDAUD 0.9371 – 0.9500   AUDNZD 1.0527 – 1.0671

View NZDAUD charts

The New Zealand Dollar (NZD) is finally weaker against the Australian Dollar (AUD) with the price drifting back to 0.9440 (1.0590) Monday. Perhaps we have seen the top and the start of a possible slide back to what we consider a sustainable realistic value in the pair. Aussie Monetary Minutes of its April meeting were released in the past hour but have had little impact, The RBA re-iterate the next move in rates will likely be up reflecting an improvement in the Australian Economy. The last cash rate rise was 7 years ago. The RBA will carefully calculate the timing of the next rise as this will have a big effect with pressured household debt and low wage growth. Australian unemployment rate is published on Thursday; this is a pivotal announcement and a significant gauge on the health of the economy. We are still in a bullish cycle with prices still reflecting an uptrend, we will need to break below 0.9390 (1.0650) before we get to excited of a turn to the downside in the pair.

Exchange Rates

Current Level:0.9463 (1.0560)

Resistance:0.9534 (1.0638)

Support:0.9400 (1.0488)

Last Week’s Range: 0.9440 – 0.9534 (1.0489 – 1.0593)

View NZDAUD charts

The New Zealand Dollar (NZD) has posted a new high of 0.9534 against the anaemic Australian Dollar (AUD) as we seem to report every week, is there a top in sight? Softer Chinese CPI data for March published down on expectation and put the Aussie on the back foot, as they are heavily reliant on the Chinese economy to do well. As we have said previously the kiwi looks overbought and unsustainable at current levels as we pick a reversal on the horizon back to 0.9260 (1.0800), the question is when? This current trend goes all the way back to the October 2017 low of 0.8850 (1.1250) identifying the long-term channel support. Still very attractive levels to buy the Australian Dollar (AUD) with the NZD well supported above 0.9250.

Exchange Rates

The current interbank midrate is:NZDAUD 0.9490   AUDNZD 1.0530

The interbank range this week has been:NZDAUD 0.9427- 0.9534   AUDNZD 1.0489- 1.0608

View NZDAUD charts

The New Zealand Dollar (NZD) surged to a new high Monday against the Australian Dollar (AUD) pushing back over 0.9500 to hit a high of 0.9520. The pair has since come off its high to trade around 0.9487 as markets continue to digest the US-China trade wars.  The pair still looks unsustainable around current levels, we are still picking a reversal back towards 0.9240 support once buying pressures in the NZD ease. RBA governor Lowe will speak Wednesday about global economies with NZ business manufacturing index Friday. The pair should edge back to 0.9500 with the current bullish momentum in place. As we have been saying now for some time, these levels remain attractive for buyers of AUD as anything north of 0.9200 represents extremely good buying historically.

Exchange Rates

Current Level: 0.9481 (1.0547)

Resistance: 0.9521 (1.0605)

Support:0.9429 (1.0503)

Last Week’s Range: 0.9388-0.9519 (1.0505- 1.0652)

View NZDAUD charts

The New Zealand Dollar (NZD) continues to make strong gains against the Australian Dollar (AUD) this week pushing to a new high of 0.9502 (1.0524) as the New Zealand Dollar (NZD)  looks unstoppable. Some would say overvalued and unsustainable at the levels, we are still picking a reversal back to 0.9240 (1.0800) zone once the excitement with NZD buyers eases. This week’s data has favoured the Kiwi with just the Global Dairy Auction of note, showing a better than expected figure of -0.6%, this boosted the local currency as Australian Building Approvals printed lower at -6.2% from an expectation of -5.1% falling alarmingly from March’s figure of 17.1% suggesting a significant softening in new build approvals. The Australian Trade Balance printed higher than the expected 0.68B to 0.83B but had no effect on the surging NZD. From these levels we eye 0.9640 (1.0370) the previous high of July 2017, but suggest we should have more chance to the downside with expectations of a reversal back to 0.9240 soon. Buyers targeting higher levels shouldn’t get to greedy, with anything over 0.9400 seen as historically exceptionally good buying.

Exchange Rates

The current interbank midrate is:NZDAUD 0.9445   AUDNZD 1.0585

The interbank range this week has been:NZDAUD 0.9384- 0.9500   AUDNZD 1.0526- 1.0657

View NZDAUD charts

The New Zealand Dollar (NZD) continued its rise against the Australian Dollar (AUD) to 0.9470 (1.0560) as the Aussie (AUD) fall away sharply in a market driven by risk and sentiment. The RBA will announce their cash rate later today (Tuesday) at 1.5% with no surprises expected, with Retail Sales, Building Approvals and Trade Balance likely to shift prices later in the week with nothing significant out of NZ except the Global Dairy Auction Wednesday. The NZD/AUD has consolidated around 0.9420 (1.0620) since its open Easter Mondayand should continue to test the top side if Aussie data is weak and the RBA statement is dovish.

Exchange Rates

Current Level: 0.9385 (1.0655)

Resistance: 0.9433 (1.0750)

Support: 0.9300 (1.0600)

Last Week’s Range: 0.9373 – 0.9478 (1.0551 – 1.0669)

View NZDAUD charts

The Australian Dollar (AUD) fall away sharply late Friday and early this week against the New Zealand Dollar (NZD) pushing to a 0.9452 (1.0580) high before reversing back to 0.9430 (1.0600) trading north of its recent range. With a new 5 month low its surprising to see the pair back above 0.9400,but reflecting the current weakness in the Aussie Dollar (AUD). Resistance is now at 0.9650 (1.0360), the Australian Dollar (AUD) now nearly 4% lower that the January high of 0.9030 (1.1070), risk remains to the upside which is fantastic for buyers of AUD

Exchange Rates

Current Level: 0.9415 (1.0621)

Resistance: 0.9425 (1.1055)

Support: 0.9048 (1.0610)

Last Week’s Range: 0.9292 – 0.9446 (1.0586 – 1.0763)

View NZDAUD charts

The Australian Dollar (AUD) continued to trade all over the park but within its range bound band. Bouncing off the weekly high of 0.9400 it has fallen back to 0.9300 during a multitude of data releases. RBNZ kept rates unchanged at 1.75% and Aussie unemployment offered nothing significance in terms of price movement. Medium term support looks to favour the New Zealand dollar (NZD) with upside to 0.9400 with only ANZ Business confidence printing next week.

Exchange Rates

The current interbank midrate is:NZDAUD 0.9380   AUDNZD 1.0660

The interbank range this week has been:NZDAUD 0.9292- 0.9402   AUDNZD 1.0636- 1.0763

View NZDAUD charts

The Tasman cross NZD/AUD continues to confuse markets with its stubbornness posting a fresh high this week of 0.9395 (1.0644). Coming off the previous weeks close of 0.9280 (1.0776)  it has extended gains heading into what could be a dizzy ride on the volatility train during the later stages of the week. The New Zealand Dollar (NZD) continues to fear better than its Aussie cousin even with a potential dovish RBNZ stance this Thursday. Trade negotiations have weighed over the Australian Dollar (AUD) during the last couple of weeks. The next significant area of concern for the AUD is 0.9645 (1.0368) with broad risk being to the top side. We may see a small correction back to 0.9250 if the NZD starts to lose support.

Exchange Rates

Current Level: 0.9385 (1.0650)

Resistance: 0.9400 (1.0830)

Support: 0.9233 (1.0640)

Last Week’s Range: 0.7276 – 0.9402 (1.3598 – 1.3896)

View NZDAUD charts

The New Zealand Dollar (NZD), Australian Dollar (AUD) cross remains stubbornly within its band of 0.9240 (1.0822) and 0.9390 (1.0690). Michelle Bullock spoke midweek about “Fast Payments” and about a new Payments Platform or NPP as its known highlighting the importance of keeping both merchant and customer happy in a fast paced technology based sector. The Australian Dollar depreciated against the kiwi -back above 0.9350 before NZD GDP printed lower than predicted to 0.6% against the 0.8% expected. Looking forward we have the RBNZ next Thursday. Hopefully Grant Spencer tells us something new to move the pair out of its range. Adrian Orr takes the helm on 27th March. Buyers of AUD should look to trade above 0.9300 levels as we have previously suggested.

Exchange Rates

The current interbank midrate is: NZDAUD 0.9324   AUDNZD 1.0725

The interbank range this week has been: NZDAUD 0.9259 – 0.9342   AUDNZD 1.0705 – 1.0801

View NZDAUD charts

The Australian Dollar (AUD) made ground against the New Zealand Dollar (NZD) breaking back below 0.9300 (1.0660) at the weekly close after trading as high as 0.9380 midweek. RBA governor Bollock speaks Tuesday this week, perhaps hinting at future policy shifts and clues on the wellbeing of the Australian Economy. His comments will be important this week with a lack of other key fundamental Australian drivers. The pair is still well supported above 0.9240 and could make a surge again for 0.9380 if quarterly NZ GDP prints well, the long-term rally from the low of 0.8865 in October still solidly in place.

Exchange Rates

Current Level: 0.9266 (1.0790)

Resistance: 0.9302 (1.0825)

Support: 0.9237 (1.0750)

Lsat Week’s Range:0.9259 – 0.9366 (1.0677-1.0801

View NZDAUD charts

The New Zealand Dollar (NZD) rose to 0.9380 (1.0660), a 5 month high, Wednesday against the Australian Dollar (AUD) after RBA governor Lowe made comment that weak manufacturing is likely to weigh on the recovery of the Australian economy. The decline of the Australian economies overall share in manufacturing will account for a lower portion of the Gross Domestic Product (GDP). The AUD then re-traced back to 0.9300 (1.0752) after Trade Balance figures were published at 1.06B, much higher than the expected 0.21B. Broader risk still remains to the upside as we follow the trend line up from 0.8865 in October. These levels continue to represent extremely good buying of AUD, buyers should consider as history shows the pair doesn’t usually stay at these heights for too long and could easily normalise later in the year back to sub 0.9000 levels.

Exchange Rates

The current interbank midrate is:NZDAUD 0.9320   AUDNZD 1.0730

The interbank range this week has been:NZDAUD 0.9290 – 0.9379   AUDNZD 1.0662 – 1.0764

View NZDAUD charts

The New Zealand Dollar (NZD) retains the edge over the Australian Dollar (AUD) although it was rejected from key resistance yet again around 0.9385 late last week before closing around 0.9320. This week sees a myriad of data releasing including the RBA announcement this afternoon. RBA Governor Philip may be hawkish but with the pushing out of rate hike projections and mixed results of late he may focus on the fact that an overvalued Australian Dollar is not good for inflation targets and general economic growth. Trading at 0.9320 we may see 0.9385 the previous high if he spooks punters.

Exchange Rates

Current Level: 0.9290 (1.0765)

Resistance: 0.9380 (1.0820)

Support: 0.9242 (1.0656)

Last Week’s Range: 0.9237 -0.9379 (1.0662 – 1.0826)

View NZDAUD charts

The Australian Dollar (AUD) recovery against the New Zealand Dollar (NZD) has been short lived this week after Australian Quarterly Capital Expenditure was released sending the currency up back over 0.9300 (1.0752). Earlier in the week stronger than expected NZ Trade Balance published at -566M as opposed to markets expecting -2710M pushing the NZD to 0.9390, the highest level since 1 August 2017. The poor showing of AU Capital Expenditure with economists expecting 1% should have a detrimental effect on the economy going forward but markets participants are suggesting this may not be the case remaining optimistic that investment will support GDP growth. Resistance is seen over the following days around 0.9390, past this level the next stop is 0.9640 high of mid-June 2017. Buyers of AUD should consider buying at current levels over 0.9200 as we have suggested.

Exchange Rates

The current interbank midrate is:NZDAUD 0.9351   AUDNZD 1.0694

The interbank range this week has been:NZDAUD 0.9237 – 0.9364   AUDNZD 1.0679 – 1.0826

View NZDAUD charts

The New Zealand Dollar (NZD), Australian Dollar (AUD) pair lost ground Friday travelling back to 0.9300 (1.0752) after posting a high of 0.9386 (1.0654) Thursday. RBA Minutes earlier suggested a casual tightening of interest rates based on slow wage growth. We mentioned current levels above 0.9300 seemed unjustified- we were right, NZD/AUD opened the week lower, the kiwi losing further support to 0.9280. ANZ Business Confidence Wednesday along with Quarterly Capital Expenditure Thursday. Buyers of AUD should consider current buying levels.

Exchange Rates

Current Level: 0.9280 (1.0770)

Resistance:0.9332 (1.0835)

Support: 0.9229 (1.0715)

Last Week’s Range:0.9280 – 0.9385 (1.0655 – 1.0776)

View NZDAUD charts

The New Zealand Dollar (NZD), Australian Dollar (AUD) pairing has ground higher to 0.9360 (1.0683) over the week much to the surprise of market players. RBA Minutes suggesting a softly softly approach with raising interest rates based on slow wage growth, investors have continued buying the NZD in support. With quarterly NZ Retail Sales printing today, anything over the expected 0.2% number and we may see higher NZD/AUD prices leading into next week’s ANZ Business confidence figures. Current levels above 0.9300 seem unjustified, buyers of AUD at current levels should never be disappointed, over 0.9300 trading levels is well north of the 10-year average somewhere around 0.8550 mark.

Exchange Rates

The current interbank midrate is:NZDAUD 0.9353   AUDNZD 1.0694

The interbank range this week has been:NZDAUD 0.9286 – 0.9385   AUDNZD 1.0655 – 1.0769

View NZDAUD charts

The New Zealand Dollar continues to gain support over the Australian dollar trading to a high Friday of 0.9345 (1.0700) trading through long term resistance of 0.9230 (1.0835) to end the week at the high. Monday saw the AUD reverse prior losses back to 0.9320 during light US Holiday trading. Locally it’s a quiet week for the kiwi with only Retail Sales Friday of real note with Australian Monetary Policy Minutes Meeting today, investors buying AUD should consider prices above 0.9250 as these levels historically never last.

Exchange Rates

Current Level: 0.9310  (1.0741)

Resistance:   0.9345  (1.0743)

Support: 0.9308 (1.0700)

Last Week’s Range: 0.9226-0.9354 (1.0690-1.0839)

View NZDAUD charts

The New Zealand Dollar (NZD) has made ground against the Australian Dollar (AUD) this week with a series of higher low and higher highs – the NZD pushing back at every turn. It trades at 0.9330 currently early Friday having been as high as 0.9340 earlier. RBNZ Inflation expectation Tuesdayshowed businesses were optimistic in the coming couple of years with inflation numbers expecting to well above 2.0% in 2019. Australia unemployment remains stable at 5.5% this wasn’t enough to bring the Australian Dollar support back against the NZD. At current levels above 0.9300 this makes for extremely good buying of Australian dollars, some would say to good with the Australian economy on the Improve.

Exchange Rates

The current interbank midrate is:NZDAUD 0.9312   AUDNZD 1.0738

The interbank range this week has been:NZDAUD 0.9226 – 0.9342   AUDNZD 1.0705 – 1.0839

View NZDAUD charts

The New Zealand Dollar (NZD) continues to remain bid against the Australian dollar (AUD) in a choppy market. The NZD has continued to have the edge and is currently finding support above the 0.9200 (1.0870) level. I’m expecting a slide in the NZD/AUD over the next couple of day to 0.9170 (1.0905) levels based on a head and shoulders pattern setup, back to the Feb low. Customers looking to transfer NZD to AUD should take advantage of the current level, or any near-term strength, to transact.

Exchange Rates

NZDAUD

Current Level:0.9237

Support:0.9190

Resistance: 0.9260

Last Week’s Range: 0.9183 – 0.9304

AUDNZD

Current Level: 1.0826

Support: 1.0800

Resistance: 1.0870

Last Week’s Range: 1.0748 – 1.0889

View NZDAUD charts

The New Zealand Dollar (NZD) has continued to outperform against its Australian counterpart, rallying to a high Thursday of 0.9300 with broad-based NZD strength and lacklustre support for the Australian Dollar (AUD). We have not seen 0.9300 (1.0752) since August last year. Thursday mornings RBNZ cash rate announcement saw Australian Dollar (AUD) buyers back at the table pushing the New Zealand Dollar to a low of 0.9200 (1.0870) throughout the day. Look for the NZD/AUD pair to push through support of 0.9190 and possibly make a run for 0.9130 (1.0950) the late January low.

Exchange Rates

The current interbank midrate is:NZDAUD 0.9277   AUDNZD 1.0779

The interbank range this week has been:NZDAUD 0.9182 – 0.9304   AUDNZD 1.0748 – 1.0891

View NZDAUD charts

The New Zealand dollar (NZD) continues to over perform on this cross as it appears to defy gravity. That said, the AUD fell against the US unit harder than the NZD on the NFP data release, so current levels for this cross should not really surprise. Event risk over the next few days centres on both the RBA and RBNZ statements and any sign of a more hawkish RBA on interest rates may see NZD lower on this cross. Any NZD rallies are expected to be shallow with the pair close to key resistance that has capped it since late July last year.

Exchange Rates

NZDAUD

Current Level: 0.9207

Support: 0.9100

Resistance: 0.9250

Last Week’s Range: 0.9031 – 0.9224

AUDNZD

Current Level: 1.0861

Support: 1.0810

Resistance: 1.0989

Last Week’s Range: 1.0842 – 1.1073

View NZDAUD charts

The New Zealand dollar (NZD) is at a rate almost “too-good-to be -true” on this cross after a marginally weaker CPI result for Australia yesterday than expected. It has been up at 0.9149 yesterday and is now holding around 0.9141. The NZD continues to outperform the Australian dollar (AUD) for no apparent reason and although we expect the kiwi to weaken at some stage, current levels could hold over the next few days. These are still historically good levels for NZD sellers and we continue to believe solid resistance above 0.9200 will cap any further potential strength.

Exchange Rates

The current interbank midrate is:NZDAUD 0.9148   AUDNZD 1.0932

The interbank range this week has been:NZDAUD 0.9031 – 0.9160   AUDNZD 1.0917 – 1.1073

View NZDAUD charts

The New Zealand dollar (NZD) has taken a knock on this cross after the local CPI data last week came in under expectations. The Kiwi is looking increasingly vulnerable on this NZD/AUD cross and if Aussie CPI tomorrow is solid, we favour a dip into the 0.8990 region on this cross. Currently holding around 0.9040 a break of which would test 0.9020.

Exchange Rates

NZD/AUD

Current Level: 0.9056

Support: 0.8990

Resistance: 0.9090

Last Week’s Range: 0.9031 – 0.9211

AUD/NZD

Current level: 1.1042

Support: 1.1001

Resistance: 1.1123

Last Week’s Range: 1.0857 – 1.1073

View NZDAUD charts

This New Zealand dollar (NZD) is still holding back around the 0.9130 level against the Australian dollar (AUD) after a high of 0.9203 earlier in the week. The NZD fell to 0.9087 yesterday after the lower than expected CPI figures but with Aussie business confidence and CPI data next week we look for more downside pressure for the NZD on this cross. Immediate support is at 0.9090 then around the 0.9040 level. Commodity markets remaining relatively strong will also underpin the Australian unit.

Exchange Rates

The current interbank midrate is:NZDAUD 0.9127    AUDNZD 1.0956

The interbank range this week has been:NZDAUD 0.9090 – 0.9211    AUDNZD 1.0857 – 1.1001

View NZDAUD charts

The NZD opens the week higher against the Australian dollar (AUD), after closing on Friday down at 0.9083, it is now up at 0.9135 but still well below the months high at 0.9215. Immediate resistance is at 0.9147 but this may not be tested until the NZ CPI data is released tomorrow. Given the continued commodity strength, the AUD is favoured on this cross.

Exchange Rates

NZDAUD

Current Level:0.9132

Support:0.9090

Resistance: 0.9230

Last Week’s Range: 0.9089 – 0.9172

AUD/NZD

Current Level: 1.0950

Support: 1.0834

Resistance: 1.1001

Last Week’s Range: 1.0903 – 1.1002

View NZDAUD charts

For much of this week the New Zealand dollar (NZD) had been under pressure against it’s Australian cousin, the AUD. Broad based commodity price gains had underpinned both currencies, but it was the Australian dollar that was seeing the greater gains. This pushed the cross rate down to a low of 0.9048 (1.1053) late yesterday afternoon. Overnight however we have seen the NZD surge higher recovering all its losses against the AUD and that’s taken the pair back to the now familiar 0.9100 level, where it treaded water during the week around Christmas. There is nothing specific you can point to that has driven this recent recovery and as such we suspect it will struggle to kick on. There is resistance around the 0.9120 area that should prove tough to overcome. We still favour the downside for the pair over the longer term, and as such we view this bounce as a good selling opportunity for those looking to convert NZD to AUD.

Exchange Rates

The current interbank midrate is: NZDAUD 0.9095     AUDNZD 1.0995

The interbank range this week has been: NZDAUD 0.9048 – 0.9116     AUDNZD 1.0970 – 1.1053

View NZDAUD charts

The New Zealand dollar (NZD) continues to hold firm against the Australian (AUD). It is currently trading at the 0.9140 level, but looks like the NZD is now encountering some headwinds. A push towards 0.9200 is possible but we view this as a struggle, which would find it hard to garner follow through buying given the stronger Aussie economic data expected and subsequent rate moves by the RBA. Support is at the old resistance level of 0.9120. For those looking to transfer NZD to AUD, the current levels remain good on an historical basis.

Exchange Rates

NZDAUD

Current Level: 0.9135

Support: 0.9075

Resistance: 0.9200

Last Week’s Range: 0.9048 – 0.9164

AUDNZD

Current Level: 1.0947

Support: 1.0870

Resistance: 1.1019

Last Week’s Range: 1.0912 – 1.1053

View NZDAUD charts

The New Zealand dollar (NZD) has held firm against the Australian dollar (AUD) in the face of a very solid retail sales result from Australia yesterday. It has moved higher this morning and is currently at 0.9205, the NZD seems to be defying gravity. Given the current high NZD levels on this cross, NZDAUD sellers should start averaging in, as given the softer data releases emerging from the NZ economy current levels of the NZD/AUD look to be temporary. Immediate support is at 0.9190, while a break of 0.9230 would target 0.9250.

Exchange Rates

The current interbank midrate is:NZDAUD 0.9193    AUDNZD 1.0877

The interbank range this week has been:NZDAUD 0.9101 – 0.9216    AUDNZD 1.0851 – 1.0988

View NZDAUD charts

After making a high on Friday at 0.9215, the New Zealand dollar (NZD) has drifted lower against its Australian cousin, the AUD, to sit currently at 0.9160 and looks to have trouble breathing the air at these rarefied levels. The Aussie unemployment figures, due Thursday, if as good as expected will put downward pressure on the NZD/AUD cross which will also be susceptible to the Global Dairy result tomorrow morning. A break of 0.9130 would threaten 0.9100 then 0.9085. The next topside level is the 0.9200 mark, but unlikely to be seen under current conditions.

Exchange Rates

NZD/AUD

Current Level: 0.9155

Support: 0.9090

Resistance:0.9230

Last Week’s Range: 0.9124 – 0.9221

AUD/NZD

Current Level: 1.0923

Support: 1.0834

Resistance: 1.1001

Last Week’s Range: 1.0845 – 1.0960

View NZDAUD charts

For much of the past week the New Zealand dollar (NZD) has been range bound against its Australian cousin, the AUD. The NZD/AUD cross rate has been bouncing around the 0.9100 level and while there has been little overall direction, we suspect the path of least resistance for the pair is to the downside. We favour selling into any periods of strength we may see over the coming week. Next week we have a dairy auction digest, along with Australian trade balance data.

Exchange Rates

The current interbank midrate is: NZDAUD 0.9086     AUDNZD 1.1006

The interbank range this week has been: NZDAUD 0.9078 – 0.9117     AUDNZD 1.0968 – 1.1015

View NZDAUD charts

The NZD bounced higher yesterday after the NZ GDP data but has drifted back to around  the 0.9092 level. Immediate support is around 0.9075 then 0.9050. Look for these levels to be under pressure next week. Upside at 0.9125 unlikely to be seen in thin holiday trading.

Exchange Rates

Support: 0.9075 (1.1019)

Resistance: 0.9180 (1.0893)

View NZDAUD charts

The New Zealand dollar (NZD) has drifted lower against the Australian dollar (AUD) ever since the surprise very strong Aussie jobs report last Thursday. It is now at 0.9134 where it has been trading for most of the day. It has held onto the 0.9100+ level but this support is looking increasingly threatened and if tomorrows NZ data is soft, we look for the NZD to slip to test support at 0.9075.

Exchange Rates

NZDAUD

Current Level: 0.9144

Support: 0.9075

Resistance: 0.9180

Last Week’s Range: 0.9103 – 0.9207

AUDNZD

Current Level: 1.0936

Support: 1.0893

Resistance: 1.1019

Last Week’s Range: 1.0861 – 1.0986

View NZDAUD charts

After reaching a high on this cross of 0.9202, initially kicked off by the new RBNZ Governor, the New Zealand dollar (NZD) has slid lower against the Australian dollar (AUD) after a stellar Aussie jobs report yesterday saw the NZD fall from 0.9195 to 0.9102 over the afternoon. Currently this cross is around 0.9107 and if Australian data continues to remain solid we look for the NZD to track back to the 0.9000 – 0.9050 range especially if local NZD data starts to look flaky.

Exchange Rates

The current interbank midrate is: NZDAUD 0.9105      AUDNZD 1.0983

The interbank range this week has been: NZDAUD 0.9087 – 0.9207      AUDNZD 1.0861 – 1.1005

View NZDAUD charts

The New Zealand dollar (NZD) has ground higher over the last week from 0.8990. It was meeting solid resistance against the Australian dollar (AUD) at the 0.9090/95 level, but with the new RBNZ Governor news yesterday it broke through resistance around 0.9100 to jump to the 0.9160/70 region. The NZD/AUD has reached an overnight high at 0.9198 and should consolidate at current levels ahead of the Fed meeting and subsequent press conference. Given the improving Aussie data we view these elevated levels as temporary and advantage should be taken of these new higher levels to sell NZD for the AUD. This move now looks a little overdone to us.

Exchange Rates

NZDAUD

Current Level: 0.9176

Support: 0.8990

Resistance:0.9225

Last week’s range: 0.8999 – 0.9205

AUDNZD

Current Level: 1.0899

Support: 1.0840

Resistance: 1.1123

Last week’s range: 1.0864 – 1.1113

View NZDAUD charts

The NZD has had a better week against the AUD, coming up from 0.8990 earlier in the week. Looks to be having trouble breaking through the 0.9090/95 level. A break over 0.9100 would threaten 0.9126 but will depend on tonight’s US data. The NZD should hold firmer on against the USD than AUD, so this cross may break over 0.9100 next week.

Exchange Rates

Support:0.8990  (1.1123)

Resistance:0.9095 (1.0995)

View NZDAUD charts

For the NZD/AUD this week, the NZD was surging over the 0.9100 level to 0.9126 where it found the going too tough and fell back to make a low for the week at 0.9008…has now recovered to the 0.9030 level, but with Aussie political problems continuing, a move back to the 0.9100 level is possible.

Exchange Rates

The current interbank midrate is: NZDAUD 0.9030      AUDNZD 1.1074

The interbank range this week has been: NZDAUD 0.9014-0.9132     AUDNZD 1.1094-1.0951

View NZDAUD charts

The New Zealand dollar (NZD) is trading up at 0.9025 vs the AUD and although higher since the week’s low of 0.8987 it’s still within existing ranges. The softer retail sales data is maybe an indicator of things to come, which may see downward NZD pressure on this cross, but this a longer term play. For now there is a general lack of direction in the NZD/AUD. There is some solid resistance around 0.9060 which needs to be overcome if we are to see any gains.

Exchange Rates

The current interbank midrate is: NZDAUD 0.9028      AUDNZD 1.1077

The interbank range this week has been: NZDAUD 0.8985-0.9054     AUDNZD 1.1045-1.1129

View NZDAUD charts

The New Zealand dollar (NZD) is still drifting lower with lower highs against the Australian dollar (AUD) on this cross. The RBA minutes today have failed to cause any break-out of existing range so any range break will have to wait until next week, unless NZ retail sales data on Thursday throws up a surprise.

Exchange Rates

NZD/AUD

Current Level: 0.9018

Support: 0.8970

Resistance: 0.9080

Last week’s range: 0.8977 – 0.9099

AUD/NZD

Current Level: 1.1089

Support: 1.1148

Resistance: 1.1013

Last week’s range: 1.0990 – 1.1140

View NZDAUD charts

We have seen choppy trading on this cross over the week but within existing ranges. The New Zealand dollar (NZD) is now at 0.9048 vs the Australian dollar (AUD) down from the 0.9092 high on Wednesday after the disappointing AU wage growth figures. It looks a little directionless and should consolidate at current levels to start next week, but Aussie politics are a risk. Resistance around 0.9080 should continue to cap any potential gains as we head into next week.

Exchange Rates

The current interbank midrate is: NZDAUD 0.9047     AUDNZD 1.1054

The interbank range this week has been: NZDAUD 0.8977 – 0.9099     AUDNZD 1.0990 – 1.1140

View NZDAUD charts

Now at 0.9004 the New Zealand dollar (NZD) has dropped in value against the AUD from 0.9054 highs seen on Friday. Aussie political problems are to one side at the moment, but we expect these to soften the Australian dollar (AUD) on this cross in the medium term. We favour a pullback in the NZD into the sub 0.9000 level testing initial support at 0.8975 over the next day or so.

Current Level Support Resistance Last week’s range

NZD/AUD 0.8998 0.8820 0.9080 0.8997 – 0.9081

AUD/NZD 1.1114 1.1013 1.1337 1.1012 – 1.1114

View NZDAUD charts

The New Zealand dollar (NZD) has pushed higher against the Australian dollar (AUD) during the week from lows around 0.8980 seen on Monday. Now at 0.9048, the NZD was also helped by the weaker Australian retail sales data which pressured the AUD. A push onto the 0.9080/90 level may be possible next week but any gains much over 0.9100 will most likely be seen as a good selling opportunity for those looking to transfer NZD to AUD.

The current interbank midrate is: NZDAUD 0.9042       AUDNZD 1.1059

The interbank range this week has been: NZDAUD 0.8987 – 0.9097      AUDNZD 1.1015 – 1.1127

View NZDAUD charts

The New Zealand dollar (NZD) continues to hold firm against the Australian dollar (AUD) after last week’s weak Aussie retail sales. It is now at 0.9025 with today’s Reserve Bank of Australia rate decision not expected to have much influence. The increasing rise in commodities will favour the AUD. A break of 0.9040 would target 0.9090, but we view this as unlikely ahead of Thursday’s RBNZ meeting.

Current Level Support Resistance Last week’s range

NZD/AUD 0.9026 0.8820 0.9040 0.8911 – 0.9049

AUD/NZD 1.1079 1.1061 1.1337 1.1051 – 1.1223

View NZDAUD charts

The New Zealand dollar has bounced back against the Australian dollar on this cross helped by the better NZ employment data earlier this week and today’s lower the forecast Aussie retail sales. It should hold around current levels 0.9000 ahead of tonight’s US jobs data, as we head into next week. Looking further out a recover back toward the 0.9100 area may well unfold.

The current interbank midrate is: NZDAUD 0.8999 AUDNZD 1.1112

The interbank range this week has been: NZDAUD 0.8906 – 0.9027 AUDNZD 1.1078 – 1.1228

View NZDAUD charts

After a low of 0.8848 seen last week, the New Zealand dollar has seen a small recovery against the AUD.  Now at 0.8915 it is up from yesterday’s 0.8897 low but hardly convincing. All the action should remain off shore this week and we expect this pair to remain side-lined. We continue to believe the 0.8850 support zone will contain any periods of weakness in the near term, and a broader recovery should develop. Australian data later this week in the form of Retail Sales will be key.

Current Level Support Resistance Last week’s range

NZD/AUD 0.8922 0.8850 0.8980 0.8857 – 0.8975

AUD/NZD 1.1208 1.1135 1.1299 1.1142 – 1.1290

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New Zealand dollar weakness, on the back of the coalition announcement, helped to drive this pair all the way down to a low of 0.8857 on Wednesday, ahead of the release of Australian inflation data. That data, which printed softer than forecast, triggered a quick reversal from those lows as the Australian dollar then saw sharp selling pressure. The cross bounced around 1 cent before settling around the 0.8930 level where it’s ranged since. We believe a low has probably been put in place for this move and a broader recovery toward 0.9000 may well develop over the coming week or two. Those with AUD to convert to NZD should consider dealing at current levels.

The current interbank midrate is: NZDAUD 0.8929 AUDNZD 1.1200

The interbank range this week has been: NZDAUD 0.8857 – 0.8953 AUDNZD 1.1169 – 1.1290

View NZDAUD charts

The NZD is still holding on this cross around the 0.9180-0.9200 level with no clear direction. A good dairy auction could see 0.9220 topside threatened but political uncertainty around NZ coalition will keep the NZD under the pump.

Current Level Support Resistance Last week’s range

NZD/AUD 0.9177 0.9080 0.9220 0.9130 – 0.9233

AUD/NZD 1.0896 1.0846 1.1013 1.0831 – 1.0953

View NZDAUD charts

The New Zealand dollar has staged a solid recovery from 0.9100 earlier the week and is now at 0.9195.  Providing there are no shocks in coalition talks, the NZD looks to take a crack at the 0.9220 level next week, although the pair may struggle to maintain gains past that level for now.

The current interbank midrate is:    NZDAUD 0.9192    AUDNZD 1.0879

The interbank range this week has been:    NZDAUD 0.9114 – 0.9228    AUDNZD 1.0837 – 1.0972

View NZDAUD charts

The New Zealand dollar is now around 0.9110 AUD and looking for direction. Given the post-election moves we favour the AUD on this cross but look for a 0.9100-0.9170 range over the next few days.

Current Level Support Resistance Last week’s range

NZD/AUD 0.9115 0.9080 0.9220 0.9109 – 0.9237

AUD/NZD 1.0971 1.0846 1.1013 1.0825 – 1.0978

View NZDAUD charts

This pair has also whippy trading this week as the New Zealand dollar has enjoyed a good bounce from 0.9018 AUD at the close of last week. It is now at 0.9195 and although the election provides event risk, once this is out of the way the weaker metal price could see 0.9220 tested next week.

The current interbank midrate is:    NZDAUD 0.9192    AUDNZD 1.0878

The interbank range this week has been:    NZDAUD 0.9044 – 0.9237    AUDNZD 1.0826 – 1.1058

View NZDAUD charts

The New Zealand dollar is now at 0.9030 vs its Australian counterpart after a 0.8972-0.9076 weekly range. This cross is finding it hard to sustain moves into the 0.89 levels, but the NZ political situation is likely to see further attempts next week.

The current interbank midrate is:    NZDAUD 0.9042    AUDNZD 1.1060

The interbank range this week has been:    NZDAUD 0.8981 – 0.9108    AUDNZD 1.0979 – 1.1134

View NZDAUD charts

The New Zealand dollar has no clear direction against the AUD, as it continues to trade the board 0.9050-0.8970 range. Little in the way of data this week and both the AUD & NZD will be influenced by offshore moves although AUD jobs data on Thursday has potential to provide a breakout. We believe the NZD is looking a little cheap on this cross, but uncertainty around the upcoming election will limit any near term recovery.

Current Level Support Resistance Last week’s range

NZD/AUD 0.9024 0.8940 0.9080 0.8974 – 0.9068

AUD/NZD 1.1082 1.1013 1.1185 1.1028 – 1.1144

View NZDAUD charts

The New Zealand has been very choppy against its Australian cousin. The high for the week on this cross has been up at 0.9062 but it’s now back at 0.9020. The NZD has looked oversold on this cross and it may be trying to form a base. It’s tough going however with the Australian dollar benefiting from solid metals prices and a run of good data over recent weeks.

The current interbank midrate is:    NZDAUD 0.9020    AUDNZD 1.1086

The interbank range this week has been:    NZDAUD 0.8975 – 0.9068    AUDNZD 1.1028 – 1.1142

View NZDAUD charts

The NZD continues to suffer against the Australian dollar. It has been down to 0.8967 late last week which looks a little overdone to us. It is now back at 0.9007 and given the sharp decline some retracement is possible, but the election overhang will prevent anything much over 0.9100. A very data heavy for the Aussie this week may also have an effect.

Current Level Support Resistance Last week’s range

NZD/AUD 0.9001 0.8850 0.9100 0.8986 – 0.9150

AUD/NZD 1.1109 1.0989 1.1299 1.0929 – 1.1129

View NZDAUD charts

Not a good week for the New Zealand dollar on this cross after 0.9143 on Tuesday is now down at 0.9022. It continues to look soft against the Australian dollar with election uncertainty now becoming more apparent. That being said, we don’t see any fundamental reason for the pair to continue to lose significant further ground. 0.9000 should hold going into the weekend.

The current interbank midrate is:    NZDAUD 0.9022    AUDNZD 1.1084

The interbank range this week has been:    NZDAUD 0.9025 – 0.9150    AUDNZD 1.0929 – 1.1080

View NZDAUD charts

The New Zealand dollar has been knocked around against the Australian dollar and continues to look weak. It is now at 0.9125 trading a narrow range in a quiet session. It should hold around current levels for the next day or so. The immediate risk remains to the downside, however we still look for a base to form around the 0.9100 area and those looking to convert AUD to NZD should take advantage of the current levels.

Current Level Support Resistance Last week’s range

NZD/AUD 0.9118 0.9080 0.9185 0.9104 – 0.9232

AUD/NZD 1.0967 1.0887 1.1013 1.0832 – 1.0984

View NZDAUD charts

The New Zealand dollar has traded softly against the Australian dollar this week, dropping from the 0.9230 level seen at the start of the week. It is now holding on grimly at 0.9130 and we can’t rule out a test of 0.9080 next week. That being said, there seems little fundamental reason for the pair to continue to trend significantly lower and re believe the current levels off good value for those looking to convert AUD to NZD.

The current interbank midrate is:    NZDAUD 0.9132    AUDNZD 1.0951

The interbank range this week has been:    NZDAUD 0.9115 – 0.9256    AUDNZD 1.0804 – 1.0971

View NZDAUD charts

The New Zealand dollar has been in a 0.9200/0.9300 range over the last 10 days, although it’s been trading at the lower end of that range for the last 5 days. It is now at 0.9220 with little clear direction. There is not much data for NZ or Aussie this week. We expect the pair to hold around current levels and an eventual move to threaten 0.9250 over the next day or so. A break below 0.9200 would target 0.9185 then lower.

Current Level Support Resistance Last week’s range

NZD/AUD 0.9216 0.9185 0.9250 0.9192 – 0.9303

AUD/NZD 1.0851 1.0810 1.0887 1.0749 – 1.0879

View NZDAUD charts

The New Zealand dollar is softer against the Australian dollar, back at 0.9230 after a low of 0.9184 earlier in the week. It is too early to tell for sure but looks as if the NZD may have formed a bottom and we will gradually grind higher over next week. A break back and hold over 0.9250 would confirm this outlook. We still see solid support around the 0.9200 area holding any periods of weakness.

The current interbank midrate is:    NZDAUD 0.9224    AUDNZD 1.0841

The interbank range this week has been:    NZDAUD 0.9192 – 0.9303    AUDNZD 1.0749 – 1.0879

View NZDAUD charts

The New Zealand dollar is higher at 0.9270 and continues to range trade. If AU commodities extend gains this will see the Australian dollar outperform and place pressure back on the NZD. A break of 0.9250 would target 0.9175. We still view any dips toward or below 0.9200 as a good opportunity for those looking to transfer AUD to NZD.

Current Level Support Resistance Last week’s range

NZD/AUD 0.9279 0.9200 0.9350 0.9206 – 0.9337

AUD/NZD 1.0777 1.0695 1.0870 1.0711 – 1.0863

View NZDAUD charts

The New Zealand dollar is currently around 0.9242 vs the AUD. There is good support around the 0.9200 area and for the time being we expect that to contain this period of weakness. Longer term, we still favour the NZD against the Australian dollar but the current trend is weaker and it will likely remain soft over the coming sessions. We view the current level, or any potential further weakness, as a good opportunity for those who are looking to transfer AUD to NZD.

The current interbank midrate is:    NZDAUD 0.9245    AUDNZD 1.0816

The interbank range this week has been:    NZDAUD 0.9206 – 0.9372    AUDNZD 1.0670 – 1.0863

View NZDAUD charts

The New Zealand dollar has broken down on the lower side of the range and is currently around 0.9280. We still favour the NZD longer term against the Australian dollar but some weakness may persist induced by the RBNZ this week. The pair should hold above 0.9220 ahead of Thursday. Direction after that will depend on the tone of the RBNZ statement.

Current Level Support Resistance Last week’s range

NZD/AUD 0.9285 0.9220 0.9350 0.9277 – 0.9383

AUD/NZD 1.0770 1.0695 1.0846 1.0657 – 1.0779

View NZDAUD charts

The New Zealand dollar has remained in the narrow 0.9340-0.9410 range over the last few days. It’s now at 0.9354 against the Australian dollar and there is still no major trend to follow. However, the RBNZ statement next Thursday may provide the break-out of this current range.

The current interbank midrate is:    NZDAUD 0.9334    AUDNZD 1.0713

The interbank range this week has been:    NZDAUD 0.9306 – 0.9441    AUDNZD 1.0592 – 1.0745

View NZDAUD charts

Although we have seen slightly disappointing Australian data this week along with a strong NZ trade balance, action in this pairing has largely been driven by volatility in the wider market. Both the New Zealand dollar and the Australian dollar saw periods of strength this week on the back of broad based USD weakness, and that volatility has been a big driver of the NZDAUD cross rate. The reality is the pair has traded sideways for much of the week, but it’s been choppy back and forth around the 0.9380 area (1.0661). With overall direction lacking at the moment we can expect more of the same in the near term. Topside resistance comes in around 0.9465 (support at 1.0565) and I would expect that to cap any potential gains as we head into next week. There is minor support around 0.9330 (resistance 1.0718), with any move below there opening the way for another test toward 0.9200 (1.0870).

The current interbank midrate is:    NZDAUD 0.9396    AUDNZD 1.0643

The interbank range this week has been:    NZDAUD 0.9299 – 0.9424    AUDNZD 1.0611 – 1.0754

View NZDAUD charts

One of the most surprising aspects about last week’s price action was the strength of the bounce the New Zealand dollar made of its 0.9222 low (1.0844 high) against its Australian cousin. The NZDAUD bounced in quick fashion all the way to 0.9429 (1.0606), before the recovery eventually ran out of steam. Positive comments from Finance Minister Joyce certainly helped the move and it now leaves near term direction a little undecided. We do favour the downside been tested again over the coming week, but after such a strong recovery sellers will be a little more cautious. I would expect resistance around 0.9460 (support around 1.0571)  to cap and further attempts to rally over the course of this week, that is assuming we don’t get a negative surprise from Australian inflation data on Wednesday. That data will be the highlight from an otherwise light economic calendar.

Current Level Support Resistance Last week’s range

NZD/AUD 0.9379 0.9220 0.9460 0.9222 – 0.9424

AUD/NZD 1.0062 1.0571 1.0846 1.0611 – 1.0844

View NZDAUD charts

For much of this week the New Zealand dollar has simply been outperformed by its Australian cousin. Upbeat RBA minutes have combined with a solid Australian employment report to underwrite the Australian dollar’s gains. The pair traded to a low of 0.9222 in the immediate aftermath of yesterday’s jobs data, although that was short lived. Last night the NZD managed to claw back some if its losses against the AUD and we currently trade around the 0.9300 level. It’s far from a major reversal at this stage however, and the risks are skewed toward a renewal of the downtrend over the coming sessions. That being said, our view is that the pair could easily make a medium term low somewhere between 0.9100 and 0.9200 so we’re not getting too carried away with expectations for wholesale declines from here.

The current interbank midrate is:    NZDAUD 0.9309    AUDNZD 1.0743

The interbank range this week has been:    NZDAUD 0.9222 – 0.9466    AUDNZD 1.0564 – 1.0844

View NZDAUD charts

The Australian dollar outperformed the New Zealand dollar last week helping to drive the cross rate down to the 0.9380 level, where it traded for much of yesterday. This morning however the NZD has been dealt a significant blow with softer than forecast inflation data hitting the wires and that’s seen the cross trade to a low of 0.9320 so far. The focus remains on the downside and a test of support around 0.9300. That may contain this initial bout of weakness, but if tonight’s dairy auction also produces a negative surprise, we can expect a break below that level. In that case the target would quickly move to 0.9100.

Current Level Support Resistance Last week’s range

NZD/AUD 0.9335 0.9300 0.9500 0.9323 – 0.9542

AUD/NZD 1.0712 1.0526 1.0753 1.0480 – 1.0726

View NZDAUD charts

The New Zealand dollar has been outperformed by its Australian cousin this week and that’s pushed the cross rate back down below 0.9500 (above 1.0526). The Australian dollar has actually been the standout performer over recent days helped by some better than forecast data and rising gold prices. I suspect however the much of the recent gains in the AUD are been driven by changing interest rate expectations. Forecasters who had been suggesting the next rate move from the Reserve Bank of Australia (RBA) was likely to be an interest rate cut, are now revising their outlook to are more stable interest rate forecast and the currency is therefore getting revalued on that basis. We continue to believe that selling into any NZDAUD strength is right play. The broad parameters of 0.9100 to 0.9600 should continue to contain the pair over the coming months.

The current interbank midrate is:    NZDAUD 0.9466    AUDNZD 1.0564

The interbank range this week has been:    NZDAUD 0.9438 – 0.9618    AUDNZD 1.0398 – 1.0596

View NZDAUD charts

The past month has seen the New Zealand dollar trapped within a 0.9480 to 0.9650 (1.0550 to 1.0363) range against its Australian cousin. The market is currently sitting bang in the middle of the range around 0.9565 (1.0455). We favour selling into strength for the pair as we don’t think interest rate differentials justify a move above the 0.9650 (1.0363) area. Both central banks are on hold until next year, when we believe they will both eventually hike rates. We believe a move back below 0.9300 (above 1.0753) holds a much greater probability than a move above 0.9700 (below 1.0309).

Current Level Support Resistance Last week’s range

NZD/AUD 0.9531 0.9480 0.9650 0.9477 – 0.9618

AUD/NZD 1.0492 1.0363 1.0550 1.0398 – 1.0552

View NZDAUD charts

This pair has ended the week better than we expected with the New Zealand dollar now knocking on the door of 0.9600 thanks to the RBA earlier in the week. A look at 0.9650 later next week might be possible but we continue to feel these levels won’t be sustained.

The current interbank midrate is:    NZDAUD 0.9601    AUDNZD 1.0415

The interbank range this week has been:    NZDAUD 0.9477 – 0.9618    AUDNZD 1.0398 – 1.0552

View NZDAUD charts

Now around 0.9480 and looks as if a test of 0.9450 might be on the cards for the NZDAUD. We expect the RBA to hold firm, but the wording of the statement will be closely examined for any hint of a change towards a hawkish tone.

Current Level Support Resistance Last week’s range

NZD/AUD 0.9500 0.9450 0.9560 0.9477 – 0.9629

AUD/NZD 1.0526 1.0460 1.0582 1.0385 – 1.0552

View NZDAUD charts

The NZD ends the week lower on against the Australian dollar. It is down around 0.9498 after being up at 0.9630 earlier. A break of 0.9480 would portend for lower moves but should initially hold at 0.9450.

The current interbank midrate is:    NZDAUD 0.9518    AUDNZD 1.0507

The interbank range this week has been:    NZDAUD 0.9492 – 0.9633    AUDNZD 1.0381 – 1.0535

View NZDAUD charts

The NZD is hanging onto the AUD 0.9500 level by its fingernails, has bounced back from 0.9482 last week and is currently at 0.9522, should hold around this level unless the RBNZ rhetoric is overly negative to the NZD on Thursday. The fundamentals are still supportive of the NZD.

Current Level Support Resistance Last week’s range

NZD/AUD 0.9519 0.9500 0.9615 0.9477 – 0.9601

AUD/NZD 1.0506 1.0400 1.0526 1.0415 – 1.0551

View NZDAUD charts

Softer than expected NZ GDP data combined with a positive Australian employment report yesterday to pressure this pair. The New Zealand dollar has spent close to two weeks ranging above 0.9500 (below 1.0526) but yesterday’s data seems to have dealt it a significant blow. A period of Australian dollar outperformance may well push the pair back down toward 0.9400 (up toward 1.0638) over the coming week. Key resistance comes in around 0.9525 (support 1.0500) and while below that level the risk are skewed to the downside for the pair.

The current interbank midrate is:    NZDAUD 0.9499    AUDNZD 1.0528

The interbank range this week has been:    NZDAUD 0.9477 – 0.9601    AUDNZD 1.0415 – 1.0551

View NZDAUD charts

The New Zealand dollar is again easier on this cross as the AUD has regained some ground over the past week. Itis now at 0.9544 after a low yesterday of 0.9517. while we have not discounted another move back over 0.9600 it’s now hard to see this occurring ahead of the US Fed statement on Thursday. Solid resistance just above 0.9600 should keep a cap on the pair in the near term.

Current Level Support Resistance Last week’s range

NZD/AUD 0.9550 0.9500 0.9615 0.9509 – 0.9595

AUD/NZD 1.0471 1.0400 1.0526 1.0422 – 1.0516

View NZDAUD charts

The New Zealand dollar has pulled back a little on this cross as AUD data has not been as bad as expected and the RBA remains positive on growth. Now trading at 0.9540 after Monday’s 0.9610 high, but we look for another push over 0.9600 early next week.

The current interbank midrate is:    NZDAUD 0.9536    AUDNZD 1.0487

The interbank range this week has been:    NZDAUD 0.9509 – 0.9623    AUDNZD 1.0392 – 1.0516

View NZDAUD charts

The New Zealand dollar continues to outperform it’s Australian cousin. Now trading at 0.9560 after the weaker Aussie current account data earlier this afternoon, it made a high of 0.9615 on Friday and given the softer Aussie data if tomorrow’s Q1 GDP weakens look for a retest of resistance at 0.9615 then 0.9625.

Current Level Support Resistance Last week’s range

NZD/AUD 0.9568 0.9500 0.9615 0.9470 – 0.9623

AUD/NZD 1.0451 1.0400 1.0526 1.0392 – 1.0559

View NZDAUD charts

The New Zealand dollar has been dominant on this cross breaking into the 0.9500 region and pulling up to a high of 0.9574 after yesterday’s Chinese data knocked the Aussie. It is possible for a move into the 0.9600 level, but the air is pretty thin for the NZD at these levels and next week’s RBA comments will be critical for future direction.

The current interbank midrate is:    NZDAUD 0.9567    AUDNZD 1.0453

The interbank range this week has been:    NZDAUD 0.9437 – 0.9581    AUDNZD 1.0437 – 1.0597

View NZDAUD charts

The New Zealand dollar continues to outperform the AUD, making a 0.9524 high last night, the highest level in 3 months. It has eased back to the 0.9490 level but looks to have good support and we expect consolidation around current levels before another push towards 0.9525. NZ fundamentals remain supportive and outweigh the more negative Aussie economic fundamentals. Further detrimental Chinese data will weaken the AUD on this cross.

Current Level Support Resistance Last week’s range

NZD/AUD 0.9487 0.9400 0.9525 0.9355 – 0.9531

AUD/NZD 1.0541 1.0498 1.0638 1.0492 – 1.0690

View NZDAUD charts

The New Zealand dollar continues to outperform the AUD, making a 0.9524 high last night, the highest level in 3 months. It has eased back to the 0.9490 level but looks to have good support and we expect consolidation around current levels before another push towards 0.9525. NZ fundamentals remain supportive and outweigh the more negative Aussie economic fundamentals. Further detrimental Chinese data will weaken the AUD on this cross.

Current Level Support Resistance Last week’s range

NZD/AUD 0.9487 0.9400 0.9525 0.9355 – 0.9531

AUD/NZD 1.0541 1.0498 1.0638 1.0492 – 1.0690