- The Aussie has tumbled out of recent consolidation against the Kiwi, closing the gap on 1.0700.
- A hawkish RBNZ is driving the Kiwi higher, sending the AUD/NZD pair back down.
- The Aussie is down three-quarters of a percent against the Kiwi into 1.0750, a five-week low.
The AUD/NZD has declined three-quarters of a percent on Wednesday, heading into the trading day’s close near 1.0750 after backsliding nearly 1.3% peak-to-trough from the day’s peak at 1.0861.
Fueled by a rapid rebalance sparked by a hawkish Reserve Bank of New Zealand (RBNZ), the pair has undergone a dramatic rebalance, shattering the intraday trading pattern and dragging the AUD/NZD out of recent consolidation and into its lowest bids in five weeks.
The Aussie (AUD) has slid straight through the 50- and 200-day Simple Moving Averages (SMA) near the 1.0800 handle, shedding weight against the Kiwi (NZD) to trade on the south side of the last swing low of 1.0780 on the daily candlesticks.
The AUD/NZD is now running directly into a technical support level at 1.0750 that has become familiar in 2023’s back-and-forth momentum swings in the pair, but October’s swing low into 1.0625 has destabilized the technical level somewhat.
On the top end, November’s peak bids just shy of 1.0950 will be the ultimate ceiling on any long-term bullish momentum, while the last swing high into 1.0875 will be the immediate target for bulls to beat.
Australian Dollar price today
The table below shows the percentage change of Australian Dollar (AUD) against listed major currencies today. Australian Dollar was the weakest against the Swiss Franc.
| USD | EUR | GBP | CAD | AUD | JPY | NZD | CHF | |
| USD | 0.32% | 0.14% | 0.18% | 0.55% | 0.06% | -0.19% | -0.37% | |
| EUR | -0.31% | -0.16% | -0.14% | 0.24% | -0.26% | -0.52% | -0.67% | |
| GBP | -0.15% | 0.16% | 0.04% | 0.39% | -0.11% | -0.37% | -0.51% | |
| CAD | -0.17% | 0.15% | -0.02% | 0.39% | -0.12% | -0.35% | -0.54% | |
| AUD | -0.54% | -0.25% | -0.41% | -0.39% | -0.49% | -0.75% | -0.93% | |
| JPY | -0.07% | 0.24% | 0.09% | 0.12% | 0.51% | -0.25% | -0.41% | |
| NZD | 0.22% | 0.50% | 0.33% | 0.34% | 0.75% | 0.23% | -0.18% | |
| CHF | 0.33% | 0.65% | 0.51% | 0.53% | 0.92% | 0.39% | 0.18% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent EUR (base)/JPY (quote).
AUD/NZD Hourly Chart
AUD/NZD Daily Chart
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
EUR/USD extends recovery beyond 1.0400 amid Wall Street's turnaround
EUR/USD extends its recovery beyond 1.0400, helped by the better performance of Wall Street and softer-than-anticipated United States PCE inflation. Profit-taking ahead of the winter holidays also takes its toll.
GBP/USD nears 1.2600 on renewed USD weakness
GBP/USD extends its rebound from multi-month lows and approaches 1.2600. The US Dollar stays on the back foot after softer-than-expected PCE inflation data, helping the pair edge higher. Nevertheless, GBP/USD remains on track to end the week in negative territory.
Gold rises above $2,620 as US yields edge lower
Gold extends its daily rebound and trades above $2,620 on Friday. The benchmark 10-year US Treasury bond yield declines toward 4.5% following the PCE inflation data for November, helping XAU/USD stretch higher in the American session.
Bitcoin crashes to $96,000, altcoins bleed: Top trades for sidelined buyers
Bitcoin (BTC) slipped under the $100,000 milestone and touched the $96,000 level briefly on Friday, a sharp decline that has also hit hard prices of other altcoins and particularly meme coins.
Bank of England stays on hold, but a dovish front is building
Bank of England rates were maintained at 4.75% today, in line with expectations. However, the 6-3 vote split sent a moderately dovish signal to markets, prompting some dovish repricing and a weaker pound. We remain more dovish than market pricing for 2025.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.