Back
27 Mar 2013
Forex: AUD/NZD posts lowest daily close in two weeks
FXstreet.com (Córdoba) - The Kiwi extended gains versus the Aussie on Tuesday, continuing its recovery after falling sharply during the first half of March. The AUD/NZD peaked on March 14 at 1.2680 but since then has moved only to the downside.
Currently the pair is trading at 1.2478/85, at the lowest level in almost two weeks. The pair resumed the bearish bias after moving sideways in the previous four trading days.
To the downside support lies at 1.2460 (Mar 13 low), 1.2420 and 1.2380 while resistance levels are located at 1.2510, 1.2560 (Mar 19, 20 low; Mar 22 high) and 1.2600.
Currently the pair is trading at 1.2478/85, at the lowest level in almost two weeks. The pair resumed the bearish bias after moving sideways in the previous four trading days.
To the downside support lies at 1.2460 (Mar 13 low), 1.2420 and 1.2380 while resistance levels are located at 1.2510, 1.2560 (Mar 19, 20 low; Mar 22 high) and 1.2600.