Australian and New Zealand dollars struggle

The Australian and New Zealand dollars struggled to make any headway on Wednesday, but stayed within striking distance of recent highs on persistent hopes the European Central Bank and Federal Reserve will add more stimulus soon.
The Aussie dollar dipped to $1.0545, from $1.0576 late locally on Tuesday, having run into light profit-taking following recent hefty gains. Support was seen solid at $1.0527, the week's low, with resistance at the mid-March high of $1.0637.
The local dollar peaked to $1.0604 overnight, its highest in four months after the Reserve Bank of Australia (RBA) appeared in no hurry to cut borrowing costs again. The New Zealand dollar slipped to $0.8127.