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12 Feb 2014
AUD/NZD rises again, still under 1.0900
FXStreet (Córdoba) - The AUD/NZD rose for the second day in a row and finished at 1.0856, up 35 pips from Monday closing price. The Aussie was among the best performs in the forex market on Tuesday supported by risk appetite and Australian economic data.
AUD/NZD holds near 1.0900
Despite rising for two consecutive day and holding bullish momentum the AUD/NZD continues to face resistance near 1.0900. Yesterday the pair peaked at 1.0865 and recently reached a fresh daily high at 1.0867, continuing its advance toward 1.0900; a confirmation above could give the Aussie a boost to test 2014 highs that lie at 1.0945.
On the downside the AUD/NZD could find support at 1.0830 (American session low), 1.0810 and 1.0780 (February 10 low).
AUD/NZD holds near 1.0900
Despite rising for two consecutive day and holding bullish momentum the AUD/NZD continues to face resistance near 1.0900. Yesterday the pair peaked at 1.0865 and recently reached a fresh daily high at 1.0867, continuing its advance toward 1.0900; a confirmation above could give the Aussie a boost to test 2014 highs that lie at 1.0945.
On the downside the AUD/NZD could find support at 1.0830 (American session low), 1.0810 and 1.0780 (February 10 low).