2 May 2014
AUD/NZD falls to 1.0730, 4-week low
FXStreet (Córdoba) - The AUD/NZD lost ground for the second day in a row, finished hovering around 1.0735/40 and posted the lowest daily close in a month. During Thursday’s American session the pair dropped to 1.0730 reaching the lowest price in four weeks.
The New Zealand dollar was among the best performers on Thursday pushing the AUD/NZD further to the downside. The Aussie lost momentum last week after being unable to hold above 1.0900.
Levels for the AUD/NZD
Immediate resistance to the upside could be located at 1.0750, 1.0790 (May 1 high) and above at 1.0830 (April 29 low). To the downside support levels might lie at 1.0730 (May 1 low), 1.0695 and 1.0640/45 (March 27, 28 low).
The New Zealand dollar was among the best performers on Thursday pushing the AUD/NZD further to the downside. The Aussie lost momentum last week after being unable to hold above 1.0900.
Levels for the AUD/NZD
Immediate resistance to the upside could be located at 1.0750, 1.0790 (May 1 high) and above at 1.0830 (April 29 low). To the downside support levels might lie at 1.0730 (May 1 low), 1.0695 and 1.0640/45 (March 27, 28 low).