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20 Feb 2014
AUD/NZD hits 2-week highs, eyes 1.0900
FXStreet (Córdoba) - The AUD/NZD moved to the downside during the first half of Wednesday but then bounced to the upside and erased losses to finish the day around 1.0870 with a small gain.
During yesterday’s Asian session the Aussie lost momentum sending the AUD/NZD to the downside. The pair continued with the same direction into the European session but before Wall Street opening managed to stabilized above 1.0830. On American hours turned to the upside and erased losses rising back above 1.0870.
Early in asia the AUD/NZD continues to move to the upside and recently reached at 1.0889 the highest price since February 5. The pair is moving slowly closer to 1.0900 that is a key resistance level: the Aussie has been unable to post a daily close above in two months.
During yesterday’s Asian session the Aussie lost momentum sending the AUD/NZD to the downside. The pair continued with the same direction into the European session but before Wall Street opening managed to stabilized above 1.0830. On American hours turned to the upside and erased losses rising back above 1.0870.
Early in asia the AUD/NZD continues to move to the upside and recently reached at 1.0889 the highest price since February 5. The pair is moving slowly closer to 1.0900 that is a key resistance level: the Aussie has been unable to post a daily close above in two months.