7 Feb 2014
AUD/NZD fails to break above 1.0900
FXStreet (Córdoba) - The AUD/NZD finished Thursday unchanged after finding resistance at 1.0900. During the American session the Aussie recovered from 1.0830 to close around 1.0860, less than 20 pips above the opening price.
Early in Asia the AUD/NZD is trading slightly lower at 1.0850, ahead of the release of the RBA statement.
AUD/NZD eyeing key resistance
Several times during yesterday's trading the AUD/NZD rose to test 1.0900 but it was unable to break higher. The pair peaked at 1.0903 but retreated quickly. On Tuesday traded during most of the day on top of 1.0900, but failed to close above and reversed sharply. To the downside the short-term key support is located around 1.0810.
Early in Asia the AUD/NZD is trading slightly lower at 1.0850, ahead of the release of the RBA statement.
AUD/NZD eyeing key resistance
Several times during yesterday's trading the AUD/NZD rose to test 1.0900 but it was unable to break higher. The pair peaked at 1.0903 but retreated quickly. On Tuesday traded during most of the day on top of 1.0900, but failed to close above and reversed sharply. To the downside the short-term key support is located around 1.0810.