AUD NZD Chart AUD NZD Rate
Moreover, the chart below shows the Ai Group Index, which highlights ongoing industrial weakness in April and points to soft domestic momentum. The chart below shows China’s CPI and PPI readings, which indicate slowing inflation. AUD/USD and NZD/USD remain bullish despite strong volatility, while USD/JPY looks poised for further upside after breaking out of the descending broadening wedge pattern. Perhaps the main reason for the Aussie’s climb are rumors that Chinese President Xi Jinping will push regulators to implement measures to keep the stock market supported. There has been word that authorities might convince firms to buy back more shares and that the sovereign wealth fund plans to increase ETF holdings.
AUD/NZD Price Analysis: Pair Holds Bullish Tone Ahead of Asian Session
Bitcoin, Ethereum, and Ripple continue to show strength as the broader crypto market sustains its bullish momentum. BTC is testing a critical resistance level that could mark a fresh push toward record highs, while ETH remains supported by a key level, signaling potential for upward continuation. The 4-hour chart for NZD/USD shows that the pair is consolidating around the blue trendline and showing bullish momentum.
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- Short-term moving averages, including the 10-day Simple Moving Average (SMA) and 10-day Exponential Moving Average (EMA), align with the broader buy signals, further reinforcing the pair’s current bullish stance.
- Gold price is reversing a part of the previous rebound from weekly lows early Wednesday as sellers attempt to regain control amid optimism over potential US trade deals with some of its major trading partners.
- That variation has been evident over the last year, with the combination bouncing between 1.05 and 1.15 over that period.
Gold takes a dive as US-China trade deal dents safe-haven appeal
Investors rushed back into risk assets, betting that the worst might be behind us. As mentioned above, the RBA’s not-so-hawkish rate hike dragged the Australian dollar lower across the board. Thanks to the RBA, the Australian dollar was the biggest mover among the major currencies in the last couple of hours. The bleaker labour market condition in New Zealand increases the odds that RBNZ is likely to adopt a relatively more dovish monetary policy in 2025 over RBA.
Australian Dollar and New Zealand Dollar events
In the short term, analysts expect the AUD/NZD rate to rise to 1.12, largely because the RBA’s hawkish-for-longer stance will boost the appeal of the Australian dollar. The New Zealand dollar has been among the weakest performing major currencies in 2023, with the persistent downtrend attributable to several key factors. The AUD has underperformed against most of its developed world peers as the Reserve Bank of Australia has lifted rates at an easier pace than other central banks, widening the differential in interest rates. The pair are correlated given the similar position of both countries as commodity exporters, and typically trade in a similar way against other global currencies. Both are also suited to “risk-on” trade, thanks to each country’s high exposure to commodities exports to China and a sensitivity to global growth. When covering investment and personal finance stories, we aim to inform our readers rather than recommend specific financial product or asset classes.
The Australian dollar’s performance has largely been framed against a weakening global economy and central bank action in lifting rates. The Australian (AUD) and New Zealand dollars (NZD) are two of the most-traded currencies in the global forex markets. Gold price is reversing a part of the previous rebound from weekly lows early Wednesday as sellers attempt to regain control amid optimism over potential US trade deals with some of its major trading partners. Market participants have started to price in 25 basis points (bps) cut by RBA, its first cut in four years after being “late” to the global interest rate cut cycle (excluding Bank of Japan) to reduce its policy cash rate to 4.1%. As a seasoned financial analyst specializing in currencies and precious metals, he combines his multidisciplinary academic background to deliver a data-driven, contrarian perspective. As founder of Gold Predictors, he leads a team providing advanced market analytics, quantitative research, and refined precious metals trading strategies.
However, he is quick to add that merely focusing on the rate hike narrative is insufficient.
Daily Forex News and Watchlist: AUD/NZD
Providing access to our stories should not be construed as investment advice or a solicitation to buy or sell any security or product, or to engage in or refrain from engaging in any transaction by Forbes Advisor Australia. In comparing various financial products and services, we are unable to compare every provider in the market so our rankings do not constitute a comprehensive review of a particular sector. While we do go to great lengths to ensure our ranking criteria matches the concerns of consumers, we cannot guarantee luno exchange review that every relevant feature of a financial product will be reviewed. However, Forbes Advisor Australia cannot guarantee the accuracy, completeness or timeliness of this website. Short-term moving averages, including the 10-day Simple Moving Average (SMA) and 10-day Exponential Moving Average (EMA), align with the broader buy signals, further reinforcing the pair’s current bullish stance.
Despite this slowdown, strong export growth of 8.1% supports global trade optimism. Australia’s close export ties with China mean that any weakness in Chinese demand still affects the AUD. The Australian Dollar has been consolidating in wide ranges against the US Dollar over the past month. The chart below shows that the Westpac Consumer Confidence Index rose to 92.1 in May. This increase reversed the previous 6.0% drop in April and marked the third rise in 2025.
Key data points
The pair remains within the mid-range of its recent fluctuation, signaling a stable but cautious upward bias as traders assess broader market dynamics. Key technical indicators suggest a mixed picture, with shorter-term signals supporting the current trend while longer-term averages hint at potential headwinds. In conclusion, while the analysis provides a structured outlook on the asset’s potential price movements, it is essential to remember that financial markets are inherently unpredictable. Conducting thorough research and staying informed about market trends and economic indicators is crucial for making informed investment decisions. Just a day later, the surprise RBNZ announcement that it was done with rate hikes completely reversed the momentum. That trend was underscored after the RBA, by contrast, lifted its cash rate in Australia on June 6—and his continued to speak of a potential need for more tightening of monetary policy.
Rising investor concerns about the risk to global growth have also played a role in the prolonged weak performance of the local currency, given the potential risk to Australia’s exports. However, global equities and other risk-assets have staged a recovery in recent months, bitbuy review allowing the AUD to make up some ground. This week, the Antipodean countries’ central banks will decide their respective monetary policy; Australia’s RBA on Tuesday, 18 February, and New Zealand’s RBNZ on the following day on 19 February. Another important factor would be an improvement in trade and economic conditions. While Australia is currently experiencing favourable conditions for its minerals-heavy export basket, New Zealand’s agri-focused export performance has not been as good because of lacklustre conditions in the Chinese market.
Recently, the AUD/NZD has shown a slight upward trend, reflecting a recovery from previous lows. Factors such as economic data releases from Australia and New Zealand, including GDP growth and interest rate decisions, are influencing the pair’s value. Market participants are cautiously optimistic, with investor sentiment leaning towards a bullish outlook due to positive economic indicators. Opportunities for growth include potential interest rate hikes by the Reserve Bank of Australia, which could strengthen the AUD. However, risks such as geopolitical tensions and global economic uncertainties could pose challenges.
A rebound from the long-term support zone of $0.55–$0.56 and a break above $0.58 indicate bullish price action. The currency pairs respond more to global trade developments than domestic trends. AUD/USD remains vulnerable despite positive local data, while USD/JPY may rise if US inflation strengthens and the Fed maintains its cautious stance. Another factor to consider is the impact of the technical recession in New Zealand. A deteriorating domestic economy could prompt ig broker review global investors to seek more stable assets, leading to a weaker Kiwi dollar. Recessionary conditions could also prompt the RBNZ to bring forward its timeline for cutting rates, making the currency less attractive to foreign investors.
Investors should consider current market trends and technical indicators when making decisions. Practical steps include monitoring economic data releases and adjusting positions based on market sentiment and technical signals. The AUD/NZD pair is trading around the 1.09 zone ahead of the Asian session on Tuesday, reflecting a slight bullish tone with minor gains on the day.
- A deteriorating domestic economy could prompt global investors to seek more stable assets, leading to a weaker Kiwi dollar.
- Both are also suited to “risk-on” trade, thanks to each country’s high exposure to commodities exports to China and a sensitivity to global growth.
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- The pair failed to break below the pivotal $140 level, reinforcing the current upward bias.
Let’s see if AUD bulls can sneak in pips against NZD traders in the next trading sessions. New Zealand’s unemployment rate has accelerated to 5.1% in the three months through December 2024 which is almost its Covid peak of 5.2% recorded in Q3 of 2020 (see Fig 1). A slowdown in the Australian inflation trend came in faster than the RBA anticipated where the trimmed mean gauge of consumer rose 3.2% y/y in Q versus a higher consensus expectation of 3.3%. The Aussie (AUD/USD) and Kiwi (NZD/USD) have strengthened against the US dollar since 3 February when US President Trump “fired” his trade tariffs salvo against Canada, Mexico, and China. Thanks to a combo of a somewhat hawkish RBA announcement and expectations of stimulus from China, the Australian dollar popped higher across the board earlier.
Forex trading involves significant risk of loss and is not suitable for all investors. The RBA made no changes to interest rates but said that further hikes cannot be ruled out. “The aggressive interest rate moves by the RBA has pushed the AUD higher against its kiwi counterpart,” said Tim Waterer, chief market analyst at forex broker, KCM Trade. To the extent any recommendations or statements of opinion or fact made in a story may constitute financial advice, they constitute general information and not personal financial advice in any form. As such, any recommendations or statements do not take into account the financial circumstances, investment objectives, tax implications, or any specific requirements of readers.
