AUD/NZD edges lower toward 1.2150 as RBNZ keeps OCR unchanged
AUD/NZD grinds higher as RBA rate hikes diverge from expected RBNZ cuts, with 1.1950 support and the 50-day EMA near 1.19 backing a bullish move toward 1.2150 and a longer-term target at 1.23.
AUD/NZD broke higher today as Aussie strength accelerated following Governor Michele Bullock's clarification that the RBA's split decision was about timing rather than direction. The pair initially dipped after the surprise 5–4 vote, but sentiment quickly reversed as markets reassessed the outcome as a “hawkish hold” rather than a dovish shift.
AUD/NZD trims a part of intraday gains as RBA rate hike vote split undermines AUD
AUD/NZD Price Analysis: Pair nears 13-year high amid Middle East conflict
AUDNZD currency pair recently broke through the resistance zone between the resistance level 1.923 and the resistance trendline of the sharp daily up channel from September.