AUD/NZD: Sidelined on US dollar srength

FXStreet (Guatemala) - AUD/NZD remains sideways with the pressures in the dollar taking a grip and lowering both the value of the Aussie and Kiwi. The channel has a resistance of the 1.05 handle in the main while the mid point of the 1.04 handle supports the pair in a narrow range.

However, the cross is making its way back into neutral territory on the longer-term charts, well off the 1.0280 lows. There is likely to be a fair bit of attention to the cross this week with both RBA officials speaking and the RBNZ rate decision taking place. There are some key data releases for the Aussie as well, including the employment and unemployment reports.