21 Jan 2015
AUD/NZD hits fresh 6-Week Highs
FXStreet (Mumbai) - The Australian dollar advanced against its Oz counterpart in the early European session as the Aussie bulls took charge after upbeat consumer sentiment numbers.
Currently, the AUD/NZD pair traded at 1.0713 levels, 0.10% higher on the day, having fresh six week highs at 1.0733 levels some minutes ago. The cross in AUD/NZD advanced largely as Aussie swung back into gains above 0.82 levels versus the greenback after consumer pessimism eased slightly in January. On the other hand, the Kiwi rebounded from fresh one month lows after the CPI data missed market forecasts.
The cross edges higher as the AUD/USD trades at 0.8223 levels, up 0.66% on the day. While NZD/USD trades higher by 0.48% to trade at 0.7677, at time of writing.
AUD/NZD Technical Levels
The pair has an immediate resistance at 1.0877 levels, above which gains could be extended to 1.0911 levels. On the flip side, support is seen at 1.0618 levels, from here it to below 1.0534 levels.
Currently, the AUD/NZD pair traded at 1.0713 levels, 0.10% higher on the day, having fresh six week highs at 1.0733 levels some minutes ago. The cross in AUD/NZD advanced largely as Aussie swung back into gains above 0.82 levels versus the greenback after consumer pessimism eased slightly in January. On the other hand, the Kiwi rebounded from fresh one month lows after the CPI data missed market forecasts.
The cross edges higher as the AUD/USD trades at 0.8223 levels, up 0.66% on the day. While NZD/USD trades higher by 0.48% to trade at 0.7677, at time of writing.
AUD/NZD Technical Levels
The pair has an immediate resistance at 1.0877 levels, above which gains could be extended to 1.0911 levels. On the flip side, support is seen at 1.0618 levels, from here it to below 1.0534 levels.