AUD/USD, NZD/USD gain as global growth cycle reasserts strength
AUD/USD climbed 0.5% to 0.6285 while NZD/USD advanced 0.4% to 0.5680 as both Antipodean currencies benefit from improving global growth sentiment. The pairs had lagged recent risk-on moves but are now catching up as traders recognize the global economic cycle's resilience. Stronger commodity prices, particularly iron ore up 1.8% and copper gaining 1.2%, support the Australian dollar's advance. New Zealand's currency finds additional support from expectations of less aggressive RBNZ easing following recent inflation data. Technical analysis shows AUD/USD breaking above 0.6270 resistance, opening potential for moves toward 0.6320. NZD/USD faces immediate resistance at 0.5700, with momentum indicators turning bullish. Both pairs remain sensitive to Chinese economic data and global risk appetite shifts.
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