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9 Apr 2015
AUD/NZD unable to rally above 1.0200
FXStreet (Córdoba) - The AUD/NZD is consolidating important weekly gains, after making a strong bounce from record lows.
On Monday the pair bottomed at 1.0019 and rebounded, accelerating after the Reserve Bank of Australia left rates unchanged and hit on Tuesday 1.0217, the highest level of the week. Afterwards the pair pulled back finding support around the 1.0150 area.
Today the aussie gained momentum and reached a daily high at 1.0208. But again, failed to hold above 1.0200 and retreated. Currently trades at 1.0190, 25 pips above yesterday’s closing price but headed toward the first weekly gain since early March.
Data ahead
On Friday, during the Asian session economic reports will be release that could impact the aussie. From China, inflation data and from Australia reports from the real estate sector.
On Monday the pair bottomed at 1.0019 and rebounded, accelerating after the Reserve Bank of Australia left rates unchanged and hit on Tuesday 1.0217, the highest level of the week. Afterwards the pair pulled back finding support around the 1.0150 area.
Today the aussie gained momentum and reached a daily high at 1.0208. But again, failed to hold above 1.0200 and retreated. Currently trades at 1.0190, 25 pips above yesterday’s closing price but headed toward the first weekly gain since early March.
Data ahead
On Friday, during the Asian session economic reports will be release that could impact the aussie. From China, inflation data and from Australia reports from the real estate sector.