Risk for AUD/NZD: What's Priced in? 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.