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3 Apr 2014
AUD/NZD jumps to 1-month highs
FXStreet (Córdoba) - The AUD/NZD rose 0.85% on Wednesday and posted the highest daily close in a month at 1.0790. It was the third daily gain in row with the Aussie recovering further from 1.0540. Posted a daily high at 1.0809 and a low at 1.0695.
The New Zealand dollar was among the worst performers and fell sharply across the board. While the NZD/USD fell to 1-week lows the AUD/USD remained unchanged.
The rally of the AUD/NZD found resistance around 1.0810 and then pulled back, being unable to hold above 1.0800. If it continues to rise, immediate resistance lies at 1.0820, 1.0860 and above here the key 1.0900. While to the downside support might lie at 1.0745 and 1.0730.
The New Zealand dollar was among the worst performers and fell sharply across the board. While the NZD/USD fell to 1-week lows the AUD/USD remained unchanged.
The rally of the AUD/NZD found resistance around 1.0810 and then pulled back, being unable to hold above 1.0800. If it continues to rise, immediate resistance lies at 1.0820, 1.0860 and above here the key 1.0900. While to the downside support might lie at 1.0745 and 1.0730.