Read more
7:17 AM · 16 August 2021

Chart of the day - AUDNZD (16.08.2021)

-
-
Open account Download free app

While market attention is increasingly tied to the US dollar, due a potential tapering, this week's increased volatility may be seen on the AUDNZD pair. On Tuesday, the minutes of the last RBA meeting will be published, while on Wednesday the RBNZ decision, where interest rate hikes are expected! Of course, the raise itself may lead to profit taking of the New Zealand dollar. On the other hand, if a series of hikes is announced, NZD could strengthen even more.

Additionally, it is worth noting that the latest data and the situation on the global markets do not support AUD. First of all, industrial production in China increased by only 6.4% YoY against the expectation of 7.8% YoY and at the previous level of 8.3% YoY. As one can see, the pace of recovery in China is slowing down, so without any government intervention, Chinese-related assets may remain under pressure.

AUDNZD pair is approaching November lows and the 61.8 Fibonacci retracement. Nevertheless, continuation of the downard move towards 1.03-1.035 cannot be ruled out. This zone is marked with previous price reactions. Source: xStation5

25 March 2026, 5:17 PM

Daily Summary: Iran Uninterested in Trump’s Peace Plan

24 March 2026, 2:17 PM

Mixed US PMI data 🗽EURUSD gains

24 March 2026, 6:05 AM

Economic Calendar - PMI data takes center stage as oil resumes climb

24 March 2026, 5:40 AM

Morning Wrap - Oil Resumes Climb (24.03.2026)

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits