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25 Feb 2014
AUD/NZD finds resistance at 1.0860
FXStreet (Córdoba) - The AUD/NZD started the week with moderate gains but unable to break above 1.0860. The Aussie was among the best performers among majors on Monday.
At the beginning of the week the pair dropped but found support above 1.0810 and bounced to the upside peaking before Wall Street opening at 1.0857, the highest price since last Thursday.
Levels to watch for AUD/NZD
To the upside immediate resistance lies at 1.0860 and above here at 1.0900. Since mid December that the AUD/NZD has not been able to close above 1.0900. To the downside support might be located at 1.0810 and below here at 1.0780 (February 10, 17 low) and 1.0735 (February 13 low).
At the beginning of the week the pair dropped but found support above 1.0810 and bounced to the upside peaking before Wall Street opening at 1.0857, the highest price since last Thursday.
Levels to watch for AUD/NZD
To the upside immediate resistance lies at 1.0860 and above here at 1.0900. Since mid December that the AUD/NZD has not been able to close above 1.0900. To the downside support might be located at 1.0810 and below here at 1.0780 (February 10, 17 low) and 1.0735 (February 13 low).