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26 Aug 2014
AUD/NZD rises again, eyes 1.1200
FXStreet (Córdoba) - The AUD/NZD rose on Tuesday for the third day in a row and posted the highest daily close since November 29. During the European session the pair peaked at 1.1185 and then pulled back.
On American hours retreated, after losing bullish momentum. The decline from the highs so far has been moderate and price still holds above 1.1150.
AUD/NZD levels to consider
The pair continues to move with a bullish bias, in the short to medium term. Yesterday broke above 1.1100 and soared; the mentioned level is now a support to consider, below the next comes at 1.1050 (August 21, 22 lows).
To the upside, immediate resistencia lies at 1.1185 (August 26 high) and above here at 1.1200 and 1.1220/25 (November 29 high).
On American hours retreated, after losing bullish momentum. The decline from the highs so far has been moderate and price still holds above 1.1150.
AUD/NZD levels to consider
The pair continues to move with a bullish bias, in the short to medium term. Yesterday broke above 1.1100 and soared; the mentioned level is now a support to consider, below the next comes at 1.1050 (August 21, 22 lows).
To the upside, immediate resistencia lies at 1.1185 (August 26 high) and above here at 1.1200 and 1.1220/25 (November 29 high).