Australian Dollar/New Zealand Dollar (AUD/NZD) Exchange Rate

The Australian Dollar, home to a bigger and more diversified economy than the New Zealand economy, has enjoyed a strong rally against its smaller neighbour the New Zealand Dollar

The Australian dollar has rallied quite significantly during the month of August against the New Zealand dollar, essentially forming what could be thought of as a “double bottom” in the market near the 1.0250 NZD level.

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The AUD/NZD pair had a negative month of May, reaching towards the 1.05 level.

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The Australian Dollar touched on a 3-week peak against the US Dollar.

The AUD/NZD pair initially fell during the course of the session on Tuesday, but then turned back around to show significant resistance above.

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The AUD/NZD pair fell initially during the course of the day on Tuesday, but found quite a bit of buying below the 1.10 level to turn things back around and form a hammer.

The New Zealand Dollar fell earlier after the Reserve Bank of New Zealand lowered its benchmark rate.

The AUD/NZD pair fell rather hard during the course of the session on Monday, as the markets continue to chop.

As you can see on the weekly chart, we have formed a hammer at the 1.10 level during the course of the final week for July. That being the case, the market looks as if we are reaching an inflection point.

The AUD/NZD pair is one that can be rather choppy, but recently we have seen a significant move lower, and that of course means that the Australian dollar is going to continue to soften against most currencies in the world in relation.

The AUD/NZD pair fell during the session on Monday, testing the 1.10 level. This of course is a large, round, psychologically significant number, and as a result I believe that if we can continue a little bit lower, the market will probably drop to the 1.0850 level.

The AUD/NZD pair isn’t one that a lot of you trade, but truthfully it’s 2 major currencies, and therefore you have to pay attention to it. This is a great measuring stick as to which pair you may want to trade when it comes to the AUD/USD pair, or the NZD/USD pair.

The AUD/NZD pair initially tried to rally during the session on Friday breaking out to a fresh new high. However, we ended up pulling back and formed a shooting star.

The AUD/NZD pair fell during the session on Wednesday, going as low as 1.06 at one point. However, the market did in fact find support below and bounced slightly.

After comments from an official of the New Zealand Reserve Bank which hinted at consideration for lower interest rates, the Kiwi Dollar skidded nearly 1.5% against its US rival during the Asian and European sessions.

Australia’s consumer price index climbed 1.3 percent in the first quarter from a year ago, while it rose 0.2 percent from the previous three months, exceeding a 0.1 percent forecast.