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New Zealand News

The Kiwi jumped at the end of trading on 10/13 as the New Zealand government announced the removal of some crisis measures. The RBNZ commented that they will remove some liquidity facilities and term auction facilities. In addition to this positive report, REINZ House Sales year over year came in better for September at 43.7% versus a 39% reading the prior month. Below you can see the reaction of the NZD against the USD and the AUD. It is important to note the pairs did not hit critical resistance (74.15 on NZD/USD) and support (1.2279 / 100hr mavg on the AUD/NZD) levels.