AUD/NZD extends decline to 1.0930, 8-week low

FXStreet (Córdoba) - The aussie dropped further versus the kiwi after RBA minutes and G. Stevens statement and approached an important support level. AUD/NZD bottomed a few hours ago at 1.0932 and bounce slightly to the upside, trimming losses.

The pair was trading at 1.0965/70, down 0.17% for the day, headed toward the second daily loss in a row.

AUD/NZD approaching key support

The aussie rebounded after falling to levels near 1.0920, where an important short term support is located. The area around 1.0920 capped the downside during August and September. If the pair drops below it would be trading at the lowest level since July.