|

AUD/NZD firmly higher for Friday, into 1.07 as Aussie steps up and Kiwi hesitates

  • The AUD/NZD caught a firm bid on Friday, climbing into the 1.0700 handle to close out the trading week.
  • The Aussie managed to eke out a new high for the week late in the game, climbing 0.42% for Friday.
  • Kiwi traders will get to take first swing at the economic calendar next week with Business NZ's services index.

The Aussie (AUD) came out on top of the two Antipodeans after a week of push-and-pull against the Kiwi (NZD), and the AUD/NZD closes out the Friday trading session testing the 1.0700 major handle.

The Aussie dipped against the Kiwi in the early week, and upside momentum remained constrained until early Thursday's Business NZ Purchasing Manager Index (PMI) for New Zealand came in worse than the previous reading, printing at 45.3 versus the previous 46.1, the worst print for the indicator in over two years. 

Coming up on the economic calendar next week will be Business NZ's Performance of Services Index (PSI) in the early Monday market session, which last printed at 47.1.

Following that will be another showing for the Kiwi, with New Zealand's Consumer Price Index (CPI) inflation figures for the third quarter, which is forecast to jump from 1.1% to 2% for the quarter-over-quarter figure and decline from 6% to 5.9% for the annualized reading.

Aussie traders will get their chance when the Reserve Bank of Australia (RBA) drops their latest Meeting Minutes and give investors to take a peek at the RBA's internal dialogue on inflation and growth concerns.

The RBA's minutes are slated to publish early Tuesday at 00:30 GMT.

AUD/NZD Technical Outlook

Intraday action for the Aussie-Kiwi pairing has the 50-hour Simple Moving Average making a bullish cross of the 200-hour SMA as near-term median prices accelerate to the topside, and the longer moving average is providing technical support from the 1.0670 level.

Daily candlesticks see the AUD/NZD firmly on the low end in the medium term, with the pair still down over 2% from September's peak of 1.0920 despite Friday's bullish move.

The pair remains firmly planted in bear territory, with price action trading well below the 200-day SMA near 1.0820, and the pair is nearly flat for the year, trading close to 2023's opening bids of 1.0730.

AUD/NZD Daily Chart

AUD/NZD Technical Levels

AUD/NZD

Overview
Today last price1.07
Today Daily Change0.0046
Today Daily Change %0.43
Today daily open1.0654
 
Trends
Daily SMA201.0746
Daily SMA501.0802
Daily SMA1001.0835
Daily SMA2001.0821
 
Levels
Previous Daily High1.0693
Previous Daily Low1.064
Previous Weekly High1.0744
Previous Weekly Low1.0653
Previous Monthly High1.0919
Previous Monthly Low1.0718
Daily Fibonacci 38.2%1.066
Daily Fibonacci 61.8%1.0673
Daily Pivot Point S11.0632
Daily Pivot Point S21.061
Daily Pivot Point S31.0579
Daily Pivot Point R11.0684
Daily Pivot Point R21.0715
Daily Pivot Point R31.0737

Author

Joshua Gibson

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

More from Joshua Gibson
Share:

Editor's Picks

EUR/USD risks a deeper drop below 1.1750

EUR/USD keeps its vacillating mood in place as the the NA session drwas to a close on Tuesday, hovering below the 1.1800 hurdle amid acceptable gains in the US Dollar. In the meantime, market participants and the FX galaxy are expected to closely follow President Trump’s SOTU speech around 2AM GMT.
 

GBP/USD regains 1.3500 and above

GBP/USD extends its advance for the third day in a row on Tuesday, this time retesting the area beyond the 1.3500 hurdle. Cable’s uptick comes despite decent gains in the Greenback and the dovish message from the BoE’s Bailey at the UK Parliament.

Gold appears offered around $5,150

Gold is giving back a good portion of the recent multi-day rally, receding to the $5,150 zone per troy ounce amid the decent bounce in the US Dollar and mixed US Treasuty yields. In the meantime, markets’ attention remain on upcoming comments from Fed speakers.

Ripple’s DeFi shift in focus: Navigating XRPL EVM sidechain growth, XRPFi migration and liquidity
Ripple (XRP) has continued to trade under pressure, extending its decline by approximately 63% from the record high of $3.66 in July. The remittance token is trading above support at $1.35, while its upside appears limited by key supply zones, starting with $1.40, at the time of writing on Tuesday.
The Citrini report: How a debatable AI narrative can shake Wall Street

That AI-related headline alone was enough to rattle investors.US stocks slid sharply on Monday after a widely circulated Citrini Research memo outlined a hypothetical “2028 Global Intelligence Crisis”, warning that rapid AI adoption could push US unemployment into double digits as early as by mid-2028.

XRP pressured by weak ETF flows and declining retail interest

Ripple (XRP) is edging lower, trading above its intraday low of $1.32 at the time of writing on Tuesday. The decline from its weekly opening of $1.39 reflects heightened volatility in the broader cryptocurrency market, accentuated by tariff-triggered uncertainty.