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25 Feb 2015
AUD/NZD posts fresh lows on NZD strength
FXStreet (Mumbai) - The New Zealand dollar outperformed its Oz counterpart during the European session, as the Kiwi emerged a clear winner backed by China's above-expected PMI.
AUD/NZD supported above 1.0400 levels
Currently, the AUD/NZD cross trades lower by -0.19% at 1.0433 levels, with a day’s high of 1.0472 and day’s lows posted at 1.0430. The cross in AUD/NZD edged lower mainly driven by greater strength in the New Zealand as both the Antipodeans gain versus the US dollar. However, kiwi’s knockout performance on upbeat Chinese manufacturing data steals the show among the entire Antipodean complex.
At the moment, AUD/USD trades 0.57% higher at 0.7876 levels, while NZD/USD trades 0.75% at 0.7548 levels.
AUD/NZD Technical Levels
The pair has an immediate resistance at 1.0477 levels, above which gains could be extended to 1.0491 levels. On the flip side, support is seen at 1.0400 levels, from here it to below 1.0374 levels.
AUD/NZD supported above 1.0400 levels
Currently, the AUD/NZD cross trades lower by -0.19% at 1.0433 levels, with a day’s high of 1.0472 and day’s lows posted at 1.0430. The cross in AUD/NZD edged lower mainly driven by greater strength in the New Zealand as both the Antipodeans gain versus the US dollar. However, kiwi’s knockout performance on upbeat Chinese manufacturing data steals the show among the entire Antipodean complex.
At the moment, AUD/USD trades 0.57% higher at 0.7876 levels, while NZD/USD trades 0.75% at 0.7548 levels.
AUD/NZD Technical Levels
The pair has an immediate resistance at 1.0477 levels, above which gains could be extended to 1.0491 levels. On the flip side, support is seen at 1.0400 levels, from here it to below 1.0374 levels.