Forex Cross
AUD/NZD — Australian Dollar / New Zealand Dollar
1.5 – 4.0 pips · 60 – 100 pips
AUD/NZD is a relative-value pair between two closely linked economies. It mean-reverts more reliably than most FX pairs but can trend for months when RBA and RBNZ diverge.
Risk first
Numbers below are typical ranges, not guarantees — spreads, swaps and volatility differ per broker and market regime. Size every position from your stop distance and account risk, never from a fixed lot habit.
Contract specifications
| Spec | Value |
|---|---|
| Contract size | 1.00 lot = 100,000 AUD |
| Pip / tick value | 0.0001 → ca. 6 – 6.5 USD / 1.00 lot |
| Typical spread | 1.5 – 4.0 pips |
| Typical daily range | 60 – 100 pips |
| Best trading hours | Asian session |
What moves this market
- ▸RBA versus RBNZ rate differentials
- ▸Relative commodity mix: iron ore vs dairy
- ▸Trans-Tasman growth gaps
Correlations to watch
- ▸Low correlation to USD moves — a true diversifier
- ▸Rises when AUD/USD outperforms NZD/USD
How traders approach it
- ▸Mean reversion from multi-month extremes
- ▸Rate-differential position trades
- ▸Use it to express AUD-vs-NZD views without USD noise
Typical mistakes
- ▸Fighting a genuine policy-divergence trend
- ▸Expecting fast moves — this pair is slow
Related instruments
Analyse it in FX CURIO
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