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22 Apr 2014
AUD/NZD rejected from 1.0900 again
FXStreet (Córdoba) - The AUD/NZD finished unchanged on Tuesday, trading around 1.0885. During all day price moved within a small trading range with resistance at 1.0910 and support at 1.0865/70.
On European hours climbed to the 1.0910 area where weekly highs lie but then failed to hold above 1.0900 and pulled back, bottoming at 1.0869.
AUD/NZD continues to test 1.0900/10
The pair continues to trade close to the 1.0900/10 area that is an important short term resistance. If the Aussie breaks above it would be trading at the highest price since early February.
In Australia, at 01:30 GMT, the inflation report from the first quarter will be release and is likely to impact on the AUD/NZD. A high inflation number could boost the Aussie.
On European hours climbed to the 1.0910 area where weekly highs lie but then failed to hold above 1.0900 and pulled back, bottoming at 1.0869.
AUD/NZD continues to test 1.0900/10
The pair continues to trade close to the 1.0900/10 area that is an important short term resistance. If the Aussie breaks above it would be trading at the highest price since early February.
In Australia, at 01:30 GMT, the inflation report from the first quarter will be release and is likely to impact on the AUD/NZD. A high inflation number could boost the Aussie.