The Australian and New Zealand dollars dipped against the greenback on Monday, struggling to break above recent resistance ahead of a week full of central bank meetings that is expected to signal shifts away from massive monetary stimulus.
The Aussie was 0.1% lower at $0.7166, unable to break its resistance at $0.7187, below which the currency has traded since Nov. 26. Immediate support lies around $0.713.
The kiwi was also lagging at $0.6792 at 0341 GMT, after opening at its recent resistance of $0.6812 and still near its recent low of $0.6737 on Dec. 7.
Investors are bracing for the
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