23 Dec 2013
AUD/NZD fails to hold above 1.0900; continues in recovery mode
FXstreet.com (Córdoba) - The AUD/NZD rose slightly on Monday and finished around 1.0883, less than 10 pips above Friday's closing price. But the Aussie managed to recover ground after a weak start of the week, that send the pair to 1.0858 (daily low) but then bounced to the upside.
AUD/NZD rejected from 1.0900 in the first attempt ¿another coming?
From the lows, the pair rose constantly and during Monday's European session broke above 1.0900 and hit 1.0910, reaching the strongest price since December 12th. But it was rejected from above 1.0900 and pulled back, finding support at 1.0875. It was the first time in 10 days that the AUD/NZD traded above 1.0900.
The Aussie rose for the third consecutive session against the Kiwi and continues to recover ground, after falling last week to 1.0735, the lowest price since October 2008.
AUD/NZD rejected from 1.0900 in the first attempt ¿another coming?
From the lows, the pair rose constantly and during Monday's European session broke above 1.0900 and hit 1.0910, reaching the strongest price since December 12th. But it was rejected from above 1.0900 and pulled back, finding support at 1.0875. It was the first time in 10 days that the AUD/NZD traded above 1.0900.
The Aussie rose for the third consecutive session against the Kiwi and continues to recover ground, after falling last week to 1.0735, the lowest price since October 2008.