RBA’s February rate of interest hike gave the Australian greenback a recent raise and saved AUD/NZD on observe to increase its long-term uptrend.
Is the pair on its approach to new 2026 highs?
Right here’s what we’re seeing on the day by day time-frame:
AUD/NZD Every day Foreign exchange Chart Sooner With TradingView
In case you missed it, the Reserve Financial institution of Australia (RBA) raised rates of interest by 25 foundation factors to three.85% as anticipated, pointing to surging inflation and a tightening labor market.
Whereas policymakers stopped wanting clearly signaling extra hikes, the general hawkish tone was sufficient to push the Australian greenback increased throughout the board throughout Tuesday’s Asian session.
The New Zealand greenback additionally caught some assist from a risk-friendly backdrop, however it has taken a backseat to the Aussie as merchants leaned into the coverage divergence story.
This retains AUD/NZD firmly on the radar heading into New Zealand’s quarterly labor market information later this week, which might determine whether or not the pair’s current momentum has extra room to run or begins to chill off.
Do not forget that directional biases and volatility circumstances in market value are usually pushed by fundamentals. In case you haven’t but executed your homework on the Australian greenback and the New Zealand greenback, then it’s time to take a look at the financial calendar and keep up to date on day by day basic information!
AUD/NZD has been trending increased since April 2025 and lately bounced from the 1.1550 space, proper across the backside of its ascending channel sample.
The pair is now buying and selling nearer to 1.1625, which places it inside attain of the mid-channel resistance zone and the January highs close to 1.1670.
If the Aussie’s bullish momentum stays intact, AUD/NZD might grind increased towards the 1.1700 psychological stage and doubtlessly even the R2 Pivot Level close to 1.1760.
On the flip aspect, if sellers present up round mid-channel resistance or if upcoming catalysts tilt the stability towards Aussie promoting or Kiwi shopping for, the pair might slide again towards the 1.1550 assist space.
Whichever bias you find yourself buying and selling, don’t overlook to observe correct danger administration and keep conscious of top-tier catalysts that would affect general market sentiment.
Disclaimer:
Please remember that the technical evaluation content material offered herein is for informational and academic functions solely. It shouldn’t be construed as buying and selling recommendation or a suggestion of any particular directional bias. Technical evaluation is only one facet of a complete buying and selling technique. The technical setups mentioned are supposed to focus on potential areas of curiosity that different merchants could also be observing. Finally, all buying and selling selections, danger administration methods, and their ensuing outcomes are the only real duty of every particular person dealer. Please commerce responsibly.
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