Currencies of the Australasian region fluctuate: AUD and NZD hold steady while rising against the Japanese yen

LiquidityHunter · 2026-01-20T13:04:50+00:00

The Australian and New Zealand dollars have shown resilience, maintaining gains as the US dollar solidifies its prior gains. Key technical levels guide market strategies, supported by speculations on interest rate decisions and favorable commodity prices.

LiquidityHunter

2026-01-20 13:04:50

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The Australian Dollar and New Zealand Dollar Maintain Their Gains

The regional currencies showed resilience during the session, with the Australian and New Zealand dollars fluctuating within a contained range while the US dollar consolidates gains from the previous session. The dominant factor remains the dynamics against the Japanese yen, where both currencies continue to appreciate significantly, fueled by growing expectations of further Japanese economic stimulus measures.

Technical Dynamics and Key Levels

The AUD is hovering around $0.6687, slightly below the highs reached during the previous night at $0.6727. Analysts have identified a significant support threshold at $0.6662, while the main resistance level remains anchored at the 15-month high of $0.6766. These technical levels continue to guide market participants’ trading strategies.

Fundamentals Supporting the Upward Pressure

According to Ray Attrill, a currency strategy expert at National Australia Bank, the recent upward pressure on the AUD is rooted in a complex set of factors. Speculation about upcoming decisions by the Reserve Bank of Australia regarding interest rates remains central to market debate. Additionally, recent gains in the Chinese yuan, a generally risk-friendly environment for cyclical assets, and the positive trend in commodity prices—all components supporting the continuation of the Australian and New Zealand dollar’s bullish movement against other currencies.

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