18 Feb 2014
AUD/NZD climbs above 1.0830
FXStreet (Córdoba) - The AUD/NZD jumped after the release of the minutes of the Reserve Bank of Australia and reached at 1.0845 the highest level since last Thursday. The Aussie gained momentum across the board after the minutes and the AUD/NZD rose from 1.0806 to 1.0840 in a few minutes.
With recent gains the Aussie is trading back at the same price it had before the release of the jobs report last Thursday that pushed the AUD/NZD to the downside from 1.0840 to 1.0735.
Currently remains near the highs, extending the recovery. Immediate resistance lies at 1.0870 (February 11 highs) and above at the key 109.00 level. Support levels now lie at 1.0830, 1.0800 and 1.0780 (February 17 high).
With recent gains the Aussie is trading back at the same price it had before the release of the jobs report last Thursday that pushed the AUD/NZD to the downside from 1.0840 to 1.0735.
Currently remains near the highs, extending the recovery. Immediate resistance lies at 1.0870 (February 11 highs) and above at the key 109.00 level. Support levels now lie at 1.0830, 1.0800 and 1.0780 (February 17 high).