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17 Jul 2013
AUD/NZD holding ground above 1.17
FXstreet.com (Barcelona) - The AUDNZD foreign exchange cross rate is last quoted at 1.1725 asks, unchanged since late Asian session yesterday after the cross jumped higher on Aussie strength following RBA meeting minutes.
AUD/NZD helped on Kiwi weakness
The AUD/NZD also had a boost yesterday on lower than expected NZ CPI and earlier reportedly Asian central bank Kiwi selling. The cross is still near recent fresh 4.5-year lows printed Friday below the 1.16 handle, with 200 DMA way above at around the 1.23 mark.
AUD/NZD key technical levels
Immediate resistance to the upside for AUD/NZD shows at late London session weekly highs 1.1760, followed by July 05 highs at 1.1792, and June 18 lows at 1.1823. To the downside, closest support lies at NY session lows 1.1690, followed by July 03 lows at 1.1645, and July 11/yesterday's lows at 1.1614.
AUD/NZD helped on Kiwi weakness
The AUD/NZD also had a boost yesterday on lower than expected NZ CPI and earlier reportedly Asian central bank Kiwi selling. The cross is still near recent fresh 4.5-year lows printed Friday below the 1.16 handle, with 200 DMA way above at around the 1.23 mark.
AUD/NZD key technical levels
Immediate resistance to the upside for AUD/NZD shows at late London session weekly highs 1.1760, followed by July 05 highs at 1.1792, and June 18 lows at 1.1823. To the downside, closest support lies at NY session lows 1.1690, followed by July 03 lows at 1.1645, and July 11/yesterday's lows at 1.1614.