FX.co ★ AUD/NZD

The Australian dollar is starting to recover losses after a recent decline in the AUDNZD currency pair, which occurred against the backdrop of a sharp strengthening of the New Zealand dollar. Buyers have already surpassed 1.1450, the key now is to hold above this level. The next target for the bulls is located at 1.1520. Further consolidation above 1.1520, which currently seems quite realistic, will open the way to 1.1550-1.1580 - where a rebound and a subsequent decline may occur, but specific targets will need to be determined based on the actual situation. If by some miracle sellers manage to regain control from current levels, a drop in the AUDNZD price below 1.1390-1.1375 will cancel the upward movement, but it is too early to think about that.