AUD/NZD Price Forecast: Aussie might test support at previous highs around 1.2490
FXStreet
Last updated: October 28, 2026
The Australian Dollar (AUD) is experiencing a significant rally against the New Zealand Dollar (NZD) due to the Reserve Bank of New Zealand's unexpected pause in its monetary policy. This development suggests a potential shift in economic sentiment and interest rate expectations for both countries.
- The AUD's strength against the NZD is notably occurring on Wednesday. This surge follows the Reserve Bank of New Zealand's (RBNZ) decision to hold its monetary policy steady, deviating from anticipated actions. The AUD is predicted to potentially test a support level at approximately 1.2490, which corresponds to previous high points. This suggests that the market is interpreting the RBNZ's pause as a dovish signal, weakening the NZD. The economic implications of this policy pause are likely to influence currency valuations and could lead to further shifts in the AUD/NZD exchange rate. Analysts are closely watching for confirmation of the AUD's upward trend and its ability to maintain momentum above the identified support level.
