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2 Dec 2014
AUD/NZD rises further above 1.0800
FXStreet (Córdoba) - AUD/NZD is having the best day in weeks, rising on the back of the Reserve Bank of Australia statement and a decline in dairy prices that weakened the kiwi.
The pair reached a daily high at 1.0844 during the American session and it was consolidating gains, trading slightly above 1.0830, recovering most of yesterday’s losses.
AUD/NZD rebounding from 1.0760
Last month the aussie dropped constantly, falling from 1.1300 until it bottomed at 1.0763. The area around 1.0760/65 offered support and from there the AUD/NZD is bouncing, giving the first signal in weeks of a potential correction.
The pair reached a daily high at 1.0844 during the American session and it was consolidating gains, trading slightly above 1.0830, recovering most of yesterday’s losses.
AUD/NZD rebounding from 1.0760
Last month the aussie dropped constantly, falling from 1.1300 until it bottomed at 1.0763. The area around 1.0760/65 offered support and from there the AUD/NZD is bouncing, giving the first signal in weeks of a potential correction.