- Standard Chartered sees upside risk for AUD/NZD, with potential support above 1.11 if the RBA surprises markets with a hawkish stance.
Standard Chartered economists see upside risk for AUD/NZD at current levels, especially if the RBA delivers a hawkish hold at its February meeting.
They note that the RBA-RBNZ rate differential, currently at 50bps, could widen further, supporting AUD/NZD above 1.11. A decision to keep rates unchanged could surprise markets, pushing AUD/USD even higher.
If the RBA signals fewer or smaller cuts ahead—a “hawkish cut”—AUD/NZD could move beyond 1.122. Meanwhile, RSI suggests buyers are gaining momentum, with room to climb before reaching overbought levels.
For the exact date and time of these major economic events, import the BlackBull Markets Economic Calendar to receive alerts directly in your email inbox.
