"We expect global growth to recover as vaccines are rolled out, which should in turn be good for Asian growth ... and that speaks to further upside risks to the NZD, particularly if house prices hold up."
The Aussie held at $0.7640 and well above last week's three-month low of $0.7533. Bulls need to crack resistance at $0.7664 to keep the rally going, while the major target for bears is the 200-day moving average down at $0.7396.
The kiwi dollar stood at $0.7050 and off its recent four-month trough at $0.6944. Resistance lies around $0.7095/7100 ahead of $0.7135/50, which is where the currency was trading before a sharp retreat in mid-March.
New Zealand's benchmark S&P/NZX 50 index was trading nearly flat at 13,040.11, even after data showed the island nation's fourth-quarter jobless rate dropped to 4.9%, beating analyst forecasts.