20 Mar 2015
AUD/NZD hits fresh record lows
FXStreet (Córdoba) - AUD/NZD is falling for the third day in a row on Friday, headed toward the lowest close ever, under 1.0300. Recently the pair reached a new all-time low at 1.0257. During the last horus trimmed losses and approached 1.0300.
The pair is about to post the second weekly loss in a row, as the short and long term trend favors the downside.
At the beginning of March the aussie recovered ground against the kiwi but failed to break above 1.0500 and turned to the downside. As long as it remains below 1.0500, the Australian dollar is likely to look under pressure.
The pair is about to post the second weekly loss in a row, as the short and long term trend favors the downside.
At the beginning of March the aussie recovered ground against the kiwi but failed to break above 1.0500 and turned to the downside. As long as it remains below 1.0500, the Australian dollar is likely to look under pressure.