The Australian dollar aims higher against the New Zealand dollar

The Aussie seeks to push the trading pair towards its resistance level by the latter half of the month. However, the rising number of coronavirus infections in Victoria is slowing down the power of bullish investors. As of August, Victoria has been recording an average of 500 to 600 new coronavirus cases and the number is gradually slowing down. It’s believed that it has reached its peak and the lockdown is working. Despite that, experts continue to warn that there is still a long way to go to fully flatten the curve. And as for the kiwi, its performance is heavily affected by the news related to the reserve bank. Later this month, the RBNZ is due to give its official interest decision, and if it leaves its rates unmoved, the kiwi might further slowdown. And just recently, the reserve bank issued a warning to the country’s banking sector as the antipodean country continues to recover from the pandemic.