Technical Outlook Remains Constructive for Australian Dollar Against Kiwi

The AUD/NZD currency pair is exhibiting continued bullish momentum across both weekly and daily timeframes, according to recent technical analysis. Price action shows the pair reacting positively from a significant demand zone following a short-term pullback.

Key Trading Levels and Strategy

As long as the current demand level holds firm, traders are eyeing potential continuation moves toward the range highs. The identified demand zone has served as reliable support, with buyers stepping in consistently at these levels.

The trading strategy remains straightforward: look for buying opportunities while price remains above the demand zone, targeting the upper boundaries of the current trading range. This approach aligns with the broader bullish bias evident in higher timeframe analysis.

Risk Management Considerations

Traders should note the clear invalidation point for this bullish scenario. A clean break below the established demand zone would negate the current bullish outlook and potentially signal a shift in market dynamics. Risk management remains crucial, with stops ideally placed below this critical support level.

The current technical setup suggests the Australian dollar maintains relative strength against its New Zealand counterpart, though market participants should monitor upcoming economic data from both countries for fundamental confirmation of this technical bias.