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AUDNZD: AUD/NZD Edges Slightly Lower, Focus On China's MOF Tomorrow

AUDNZD
APACAustraliaNew ZealandBulletGlobalForeign Exchange BulletsRegionMarkets
  • AUDNZD dropped 0.16% to 1.1060 on Thursday with all the moves coming in the APAC session, the cross spent the remainder of the session trading in narrow ranges focus will turn to China's Ministry Of Finance meeting on Saturday.
  • The cross is 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 1.0975 (20-day EMA).
  • RBA dated OIS pricing was little changed on Thursday with the market seeing a 31% chance of a 25bps cut this year. While pricing has continued to cool further out the curve with just 70bps 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 sessions, we trade off multi-year highs of 36bps (Oct 8) at 25bps.
  • Expiries: 1.0975 ($291m), 1.105 ($307m) Oct 11th
  • Today the local calendar is empty
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  • AUDNZD dropped 0.16% to 1.1060 on Thursday with all the moves coming in the APAC session, the cross spent the remainder of the session trading in narrow ranges focus will turn to China's Ministry Of Finance meeting on Saturday.
  • The cross is 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 1.0975 (20-day EMA).
  • RBA dated OIS pricing was little changed on Thursday with the market seeing a 31% chance of a 25bps cut this year. While pricing has continued to cool further out the curve with just 70bps 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 sessions, we trade off multi-year highs of 36bps (Oct 8) at 25bps.
  • Expiries: 1.0975 ($291m), 1.105 ($307m) Oct 11th
  • Today the local calendar is empty