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27 Feb 2015
AUD/NZD: Consolidating Kiwis upper hand
FXStreet (Guatemala) - AUD/NZD is currently trading at 0.7521 with a high of 0.7538 and a low of 0.7513.
AUD/NZD is consolidated between 44 and 68 in the main on the 1.03 handle.
The cross has been on the offer from above the 1.04 handle form early UD trade with the NZD/USD that was proving to be relatively resilient to some extent having been less burnt by the greenback than the Aussie, of which moves overnight are suggesting a potential change of the recent corrective bullish dynamics seen over the last 2 weeks, as explained by Ivan Delgado, Head of Asian Editors.
The NZD stayed within a cent while the Aussie surpassed a big figure. Technically, the pair is held up at 1.0340 from the 1.04 levels failure and 1.0480 being the key resistance on any minor corrections after the psychological 1.0400 level and Jan lows.
AUD/NZD is consolidated between 44 and 68 in the main on the 1.03 handle.
The cross has been on the offer from above the 1.04 handle form early UD trade with the NZD/USD that was proving to be relatively resilient to some extent having been less burnt by the greenback than the Aussie, of which moves overnight are suggesting a potential change of the recent corrective bullish dynamics seen over the last 2 weeks, as explained by Ivan Delgado, Head of Asian Editors.
The NZD stayed within a cent while the Aussie surpassed a big figure. Technically, the pair is held up at 1.0340 from the 1.04 levels failure and 1.0480 being the key resistance on any minor corrections after the psychological 1.0400 level and Jan lows.