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13 Mar 2015
AUD/NZD supported above 20-DMA
FXStreet (Mumbai) - AUD/NZD extended losses and fell closer to 1.0400 levels in the Asian session, snapping gains from the previous session mainly driven by Aussie weakness.
AUD/NZD clings on to 1.04
Currently, the AUD/NZD trades lower by -0.22% at 1.0411 levels, having posted day’s high at 1.0421 and day’s low at 1.0402. AUD/NZD remains weak largely on Aussie weakness as traders took to profit booking after the recent upbeat Oz jobs backed rally. Moreover, a recovery in the greenback across the board also weighed on the Australian dollar.
On the other hand, the kiwi trades flat consolidating gains from the previous session as traders await upcoming US macro data for fresh cues on the cross.
AUD/NZD Technical Levels
The pair has an immediate resistance at 1.0421 (Today’s High) levels, above which gains could be extended to 1.0451 levels. On the flip side, support is seen at 1.0401 (20-DMA) levels from here it to 1.0350 (March 12 Low) levels.
AUD/NZD clings on to 1.04
Currently, the AUD/NZD trades lower by -0.22% at 1.0411 levels, having posted day’s high at 1.0421 and day’s low at 1.0402. AUD/NZD remains weak largely on Aussie weakness as traders took to profit booking after the recent upbeat Oz jobs backed rally. Moreover, a recovery in the greenback across the board also weighed on the Australian dollar.
On the other hand, the kiwi trades flat consolidating gains from the previous session as traders await upcoming US macro data for fresh cues on the cross.
AUD/NZD Technical Levels
The pair has an immediate resistance at 1.0421 (Today’s High) levels, above which gains could be extended to 1.0451 levels. On the flip side, support is seen at 1.0401 (20-DMA) levels from here it to 1.0350 (March 12 Low) levels.