The RBA’s January rate of interest hike gave the Australian greenback a contemporary raise and stored AUD/NZD on monitor to increase its long-term uptrend.
Is the pair on its method to new 2026 highs?
Right here’s what we’re seeing on the day by day timeframe:
AUD/NZD Each day Foreign exchange Chart Quicker 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 in need of clearly signaling extra hikes, the general hawkish tone was sufficient to push the Australian greenback larger throughout the board throughout Tuesday’s Asian session.
The New Zealand greenback additionally caught some help 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 knowledge later this week, which may determine whether or not the pair’s latest momentum has extra room to run or begins to chill off.
Keep in mind that directional biases and volatility situations in market value are sometimes pushed by fundamentals. For those who haven’t but accomplished 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 elementary information!
AUD/NZD has been trending larger since April 2025 and just 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 may grind larger towards the 1.1700 psychological stage and probably even the R2 Pivot Level close to 1.1760.
On the flip facet, if sellers present up round mid-channel resistance or if upcoming catalysts tilt the stability towards Aussie promoting or Kiwi shopping for, the pair may slide again towards the 1.1550 help space.
Whichever bias you find yourself buying and selling, don’t neglect to apply correct threat administration and keep conscious of top-tier catalysts that would affect total market sentiment.
Disclaimer:
Please bear in mind that the technical evaluation content material supplied 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 side of a complete buying and selling technique. The technical setups mentioned are meant to spotlight potential areas of curiosity that different merchants could also be observing. Finally, all buying and selling choices, threat administration methods, and their ensuing outcomes are the only real accountability of every particular person dealer. Please commerce responsibly.
For those who’re SERIOUS about your development, commerce journaling is the easiest way to trace, measure and handle your efficiency AND psychology! Try TradeZella, the #1 AI-powered journal and backtester that will help you commerce like a professional. BabyPips Premium Annual Members get an unique 30% low cost on the annual TradeZella subscription for the primary 12 months ($120 in financial savings)! Click on right here for more information!
