AUDNZD Forecast and Live Chart

The Australian Dollar/New Zealand Dollar currency pair (also referred to as AUDNZD and AUD/NZD) is considered a minor pair. In this article, we will examine how AUDNZD is performing.

AUDNZD Key Stats

  • 2021 high: 1.0947
  • 2021 low: 1.0279
  • YTD high: 1.1179
  • YTD low: 1.0574
  • YTD % change: +3.94%

AUDNZD Forecast

The AUDNZD hit highs not seen since 2018 in late July, and most had expected the run to continue following Australia’s consumer inflation expectations data. It had been expected to move higher but, in fact, came in at 5.9%, below the expectations of 6.2%. It has resulted in a slight downside for the AUDNZD pair, but nothing significant. With price pressures surging in the New Zealand economy, and New Zealand expected to continue rate rises, we see a near-term move to the downside. Especially after the recent run higher. While not significant, the first area we are watching is 1.0975.

AUDNZD Chart

  FXTM mobile banner  

AUDNZD Fundamental Analysis

Fundamental analysis is key to major changes in the foreign exchange market. A clear directional bias can be established through fundamental analysis, and major changes in monetary policy or economic activity can impact a currency pair. Technical analysis is also important, but economic health can also be a defining factor.

The Australian Dollar is a frequently traded currency impacted by numerous global macroeconomic factors. A significant driver of the AUD price comes from its wealth of natural resources as well as its trading with Asian countries. India and China have been large importers of Australia’s commodities and hold a strong relationship with Australia. Furthermore, Australia imports heavy machinery and goods produced in those countries. Therefore, the AUD is not only affected by its own economy, but when other economies, such as China, suffer a downturn, it negatively impacts Australian exporters, hurting the supply chain and resulting in a weakening Australian dollar. Therefore, AUD traders must keep up to date with the Australian economy and its trade counterparts.

On the other hand, the New Zealand Dollar is considered a carry trade currency. This is due to it being a relatively high-yielding currency, so investors tend to buy the NZD and fund it with a lower-yielding currency. However, during a period of negative sentiment, this can impact a currency such as the NZD, and this was evident during the financial crisis when high-yielding currencies fell significantly. Meanwhile, other factors to consider include tourism numbers and dairy prices for the NZD. It is one of the biggest exporters of whole milk powder so the economy can benefit from higher milk prices.

AUDNZD Technical Analysis

Support Levels:

  • 1.0975
  • 1.0923
  • 1.0822

Resistance Levels:

  • 1.1135
  • 1.1179
  • 1.1270

Looking at potential downside areas for the AUDNZD, we see, as mentioned in our forecast, 1.0975 as a potential target. Price is still sitting within its bullish trend, currently above the 100 MA, but we see it moving lower and crossing below in the near future, potentially signalling a sustained downside move. The next level below that to keep an eye on is 1.0923, which has been tested a couple of times in 2022. Furthermore, also keep your eyes on 1.0822 as our longer-term downside target.

Resistance levels for our current stance on the pair represent potentially good entry points for a bearish move. For example, 1.1179 clearly stands out as a strong resistance level. This is the highest price point since 2018,  while just below that there is 1.113. In addition, beyond those two, we see 1.1270 as another potential area to watch if the price continues higher.

Trade AUDNZD with our top brokers

Broker Features Regulator Platforms Next Step
Number One Broker BlackBull Markets LogoYour capital is at risk Founded: 2014
  • Leverage Up To 500:1
  • $200 Min Deposit
  • 60+ Tradeable Instruments
FSPR MT4
tickmill_logo-166% of retail CFD accounts lose money Founded: 2014
66% of retail C...
  • Ultra-fast execution from 0.1s
  • Low spreads from 0.0 pips
  • All trading strategies allowed
FSA SC MetaTrader 4, Web Trader
Your capital is at risk Founded: 2006
Europe* CFDs ar...
  • 40% New Member Bonus
  • Regulatory licenses across 5 continents
  • 24/7 trading
ASIC, FSA, FSB, MiFID MetaTrader4, Sirix, AvaOptions, AvaTrader, Mirror Trader
72 % of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Founded: 2008
72 % of retail ...
  • Multi Asset Trading Platform
  • Zero Commissions
  • Amazing Trading Apps
ASIC, CySEC, FCA Plus500
Your capital is at risk Founded: 2020
  • Impressive range of trading platforms
  • Tight spreads and low commissions
  • Excellent customer services
  • STP and ECN trade execution
- Pro Trader, MT4, MT5
vantage logoYour capital is at risk Founded: 2009
  • Leverage up to 500:1
  • $200 Min Deposit
  • Spreads from 0.0
CIMA MetaTrader 4, MetaTrader 5, WebTrader
LegacyFX LogoYour capital is at risk Founded: 2012
  • Meta Trader 5 Trading platform
  • Exclusive professional trading tools
  • Dedicated support staff during all trading hours
BaFin, CySEC, FCA, NBRB, VFSC MetaTrader 5
Between 74-89% of CFD traders lose Founded: 2010
Between 74-89 % of retail investor accounts lose money when trading CFDs
  • Four user-friendly trading platforms
  • Consistently rater No1 for Trader Support
  • Set up by traders, for traders
ASIC, FCA MetaTrader 4, MetaTrader 5, cTrader
AdroFX LogoYour capital is at risk Founded:
  • Crypto deposits possible
  • Bonus offers
  • Leverage up to 1:500
  • MT4 and Allpips platforms
FSA, VFSC MetaTrader 4, Web Trader, Social Trading Allpips, Web Platform Allpips
eToro Logo67% of CFD traders lose Founded: 2007
67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
  • Social and Copy Trading Platform
  • Beginner Friendly
  • Risk-free Demo Account
ASIC, CySEC, FCA eToro Platform
Your capital is at risk Founded: 2000
  • Good range of assets, such as CFDs
  • Fully regulated brokerage
  • Multi-lingual reporting
DFSA, FCA, FINMA, MFSA, only EU traders), SFC FCA (Swissquote LTD MT4, MT5, AdvancedTrader
Trade360 LogoYour capital is at risk Founded: 2013
  • Over 200 Tradeable Accounts
  • $50 no deposit bonus
  • Trading Central Insight Portal
CySEC CrowdTrading
Oanda Logo77% of retail CFD accounts lose money Founded: 1996
  • No Minimum Deposit
  • Over 100 instruments
  • Web, desktop, mobile platform and MT4

ASIC, FCA, IIROC, MAS fxTrade, MT4
vt markets logoYour capital is at risk Founded: 2016
ASIC, CIMA MT4
Your capital is at risk Founded: 2015
  • $50 Min Deposit
  • Flexible Leverage
  • Low Min Order Values
FCA, SCB MT4
Your capital is at risk Founded: 1991
73.05% of investors lose money when trading CFDs with FXCM
  • Enhanced Execution and pricing.
  • Award-winning trading platform
  • Free Access to Exclusive Trading Tools
- FXCM Trading Station (Web, Desktop, Mobile), FXCM MetaTrader 4, NinjaTrader
City Index Logo75% of clients lose money. Capital at risk. Founded: 1983
  • Exceptional customer service
  • Beginner-friendly
  • Free Webinars
ASIC, CFTC, CIMA, FCA, FSA, IIRO, MAS, NFA, SFC Advantage Web, AT Pro, MT4, WebTrader
Exness LogoYour capital is at risk Founded: 2008
  • Instant automated withdrawals 24/7
  • Commission-free Standard accounts
  • Some of the lowest spreads on the markets and stable execution
  • Unlimited leverage
  • Free VPS Hosting
CySEC, FCA, FSA, FSCA MT4, MT5, WebTerminal
Your capital is at risk Founded: 2017
FSC XOH, MT5,
SquaredFinance LogoYour capital is at risk Founded: 2016
CySEC
fusion markets logoYour capital is at risk Founded: 2017

Lowest Commissions in Australia

$4.50 per lot RT

ASIC, VFSC MT4
      FXTM desktop banner