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AUDNZD: AUD/NZD Continues Trend Highs, Eyes 1.1100

AUDNZD
APACAustraliaNew ZealandBulletGlobalForeign Exchange BulletsRegionMarkets
  • AUD/NZD jumped 0.81% to 1.1079, the move higher was due to the dovish RBNZ, while there was some further support following comments that the China Ministry Of Finance to meet on Saturday.
  • The cross remains trading above all key moving averages and remains in its upward trend, key resistance is seen at 1.1100, with a break here opening a move to test yearly highs at 1.1144 (July 29 highs). To the downside, support is at 1.1013 (61.8% of the July 30-Sep 6 move), with a break here opening a move to test 1.0968 (20-day EMA).
  • RBA dated OIS pricing has cool further, the market sees a 31% chance of a 25bps cut this year, and is now pricing in just 0.73bps of cuts through to September 2025, with the first full cut not until April.
  • The AU-NZ 2yr swap spread has been rather volatile over the past few session, closing Wednesday up 5bps to 31bps, vs Tuesday's highs of 36bps.
  • Expiries: 1.0975 ($291m), 1.105 ($307m) Oct 11th
  • Today, Consumer Inflation Expectation at 1100 AEST, while RBA's Hunter will participate in a panel discussion after the close.
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  • AUD/NZD jumped 0.81% to 1.1079, the move higher was due to the dovish RBNZ, while there was some further support following comments that the China Ministry Of Finance to meet on Saturday.
  • The cross remains trading above all key moving averages and remains in its upward trend, key resistance is seen at 1.1100, with a break here opening a move to test yearly highs at 1.1144 (July 29 highs). To the downside, support is at 1.1013 (61.8% of the July 30-Sep 6 move), with a break here opening a move to test 1.0968 (20-day EMA).
  • RBA dated OIS pricing has cool further, the market sees a 31% chance of a 25bps cut this year, and is now pricing in just 0.73bps of cuts through to September 2025, with the first full cut not until April.
  • The AU-NZ 2yr swap spread has been rather volatile over the past few session, closing Wednesday up 5bps to 31bps, vs Tuesday's highs of 36bps.
  • Expiries: 1.0975 ($291m), 1.105 ($307m) Oct 11th
  • Today, Consumer Inflation Expectation at 1100 AEST, while RBA's Hunter will participate in a panel discussion after the close.