In this section, you will learn more about the AUDNZD, but also be able to read our latest news and technical analysis for the currency pair. You will also find a live chart.
What is AUDNZD?
In recent years, AUDNZD has grown in popularity among forex traders. It is typically more volatile during the Asian session when the Australian and New Zealand markets are open.
Related currencies: AUDJPY – AUDUSD – GBPAUD.
AUDNZD is the financial symbol between the currencies of the neighboring countries: Australia and New Zealand. This currency pair is popularly referred by the moniker of the two currencies: Aussie-Kiwi.
Just like any other currency pair, it is sensitive to central bank announcements, and in this case from the Reserve Bank of Australia (RBA) and the Reserve Bank of New Zealand. These two countries have historically high inflation rates relative to their American and European counterparts. This may be attributed to the nature of their economies which are reliant on exporting commodities. Consequently, their central banks are also among those who have the highest interest rates. They are also more hawkish than their other counterparts like the ECB and the BOJ.
Most of the time, the AUDNZD currency pair trades sideways. This could be due to the fact that their economies are alike. Therefore, if you plan on trading it, you should pay attention to AUDNZD news and track discrepancies in the economic data released from Australia and New Zealand. If Australia’s statistics paint a stronger economy than that of New Zealand, then you can expect AUDNZD to trade higher. This is made on the assumption that the data could be enough to make the RBA hawkish. On the other hand, if it is New Zealand’s economy that looks more appealing, you may expect AUDNZD to trade lower.
Aside from economic reports, you should also track the largest exports of Australia and New Zealand. Higher gold prices sometimes lead to a stronger Aussie because Australia is one of the largest producers of the precious metal. On the other hand, the New Zealand dollar tends to react to changes in dairy prices as it is New Zealand’s largest export.
Live AUDNZD Chart
AUDNZD News and Analysis
Asian equities markets were mixed in today’s trading. The Nikkei 225 closed lower in today’s trading by 142.0 points or 0.60% at 23,686.0. Meanwhile, the Hang Seng Index is trading in the red by around 180.0 points or 0.65% at 27,230.2. According to some analysts, losses today can be attributed [...]
There are going to be three central bank releases next week. The most important of them will be the RBNZ rate decision scheduled on Wednesday. Expectations are that the RBNZ will not announce a rate cut. There is also some optimism that the central bank will sound optimistic because inflation [...]
The Nikkei 225 finished in the red by 45.6 points or 0.19% at 23,828.0. Meanwhile, the Hang Seng Index is down by as much as 145.6 points or 0.53% 27,346.7. The Shanghai Composite Index, on the other hand, is in the green by 9.454 points or 0.33% at 2,875.964. Yesterday, [...]
BOJ Rate Decision The Bank of Japan(BOJ) is scheduled to take center stage on Tuesday. In its monetary policy meeting, there are no changes expected to its current interest rate level at -0.10%. There is some sense of optimism that BOJ Governor Haruhiko Kuroda will announce an upgrade on growth [...]
Buy the Rumor, Sell the News on US-China Trade Deal? It would seem that the excitement over the US-China Phase One Deal has finally died now. Asian equities market were in the bearish territory today as investors begin to realize that it’s a long road ahead for the two countries [...]
Asian equities continue to extend their losses as risk aversion weigh on investor sentiment. The Hang Seng Index fell by 1.7% yesterday while Japan’s Nikkei 225 was down 0.73%. In today’s Asian session, Hong Kong’s stock index is down close to 450 points or 1.70% as it trades at 26,441.0. [...]
The Australian dollar is under pressure vs. the New Zealand Dollar (AUDNZD) as this week’s two critical events, the RBNZ rate meeting and the Australian Unemployment figures have shifted the mood altogether in the pair. The AUDNZD pair is now trading below the October 22 low of 1.0663, and this [...]
At 12.30am GMT, the Australian Employment Change and Unemployment rate data will be released to the public. The consensus figures are 16.2K jobs added, and for unemployment rate to remain steady at 5.2%. The consensus figure will represent only a marginal improvement in job additions from the previous month’s figure, [...]
In the early hours of Wednesday November 13 at 1am GMT, the Reserve Bank of New Zealand (RBNZ) will release its OCR decision and its rate statement, followed in one hour by the RBNZ Press Conference. There is greater division surrounding this month’s decision by the Reserve Bank of New [...]
AUDNZD has been trading around its highest levels since December 2018. It has recently retraced some of its gains providing a potential buy at the pullback. The currency pair has been on an uptrend for quite sometime and has broken through major resistance at 1.0800. Connecting the lows of October [...]