Free Trial

AUD/NZD Remains Rangebound Ahead of CPI

NZD
  • AUD/NZD continues to trade in tight a range and directionless. The pair hit lows of 1.0665 and a high of 1.0695 on Tuesday and didn't look like troubling the 1.0700 level heading into GDP shortly, currently the pair trades 0.03% higher for the day at 1.0685.
  • Key technical levels to watch initial resistance at 1.0700 (Feb 16 Highs), above here 1.0740 (Feb 7 Highs). While to the downside 1.0650 (Feb 29 lows) break would open up a retest of 1.0600 (Feb 28 and pre RBNZ levels)
  • Looking ahead: AU GDP data at 11.30 AEST on Tuesday

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.