18 May 2015
AUD/NZD climbs back above 1.0800
FXStreet (Córdoba) - AUD/NZD rose back above 1.0800 and approached last week highs on the back of a weak kiwi across the board. The pair peaked recently at 1.0839, reaching the highest level since last Wednesday.
Currently trades at 1.0820, almost a hundred pips above the level it close on Friday, when it retreated further after reaching on Tuesday at 1.0889, a level last seen back in November.
AUD/NZD holds a bullish tone
The pair is starting the week with a positive tone, attempting to rise for the fifth week on a row. AUD/NZD gained momentum after the New Zealand government announced new taxes for the real estate sector, increasing speculations about a possible rate cut by the RBNZ.
Currently trades at 1.0820, almost a hundred pips above the level it close on Friday, when it retreated further after reaching on Tuesday at 1.0889, a level last seen back in November.
AUD/NZD holds a bullish tone
The pair is starting the week with a positive tone, attempting to rise for the fifth week on a row. AUD/NZD gained momentum after the New Zealand government announced new taxes for the real estate sector, increasing speculations about a possible rate cut by the RBNZ.