Neutral
AUD/NZD remains supported above 1.20 amid bearish NZD outlook and RBA rate hike expectations.
The Australian Dollar (AUD) continues to hold above the 1.20 level against the New Zealand Dollar (NZD), supported by expectations of a potential Reserve Bank of Australia (RBA) rate hike. TD Securities maintains a bearish stance on the NZD, anticipating that the Reserve Bank of New Zealand (RBNZ) tightening is largely priced in, with AUD/NZD projected to remain above 1.20, targeting 1.22 by year-end.
Key points
- AUD/NZD remains supported above 1.20 amid bearish NZD outlook and RBA rate hike expectations.
- TD Securities maintains a bearish stance on NZD, projecting AUD/NZD to remain above 1.20, targeting 1.22 by year-end.
Sources
AI-generated from public news sources. Not financial advice.
