The Australian dollar and the New Zealand dollar opened today's session on an upside price gap, where the AUD/USD pair opened today's session at the level 1.0435 while it closed on Friday at the level of 1.0357.
While the NZD/USD pair opened today's session at the level 0.8239 while it closed on Friday at the level of 0.8185.
Soon the pairs returned to decline significantly to cover the price gap especially with the release of gloomy housing data from the Australian economy, which support the downside movement in addition to the technical pressure on the pairs' movement to cover the price gap.
This decline in the Aussie and the Kiwi came in spite of improving the manufacturing sector in China, which could not support the currencies against the dollar due to the downside pressure from the price gap.
The AUD/USD pair is currently trading at 1.0391, which is also the lowest level of the pair until the time of writing, while the NZD/USD pair is trading at 0.8192 after recorded the lowest at 0.8188.