24 Feb 2015
AUD/NZD climbs above 1.0450
FXStreet (Córdoba) - AUD/NZD rose further during the American session and reached at 1.0472 the strongest level since February 13 as the AUD/USD recovers and while NZD/USD remains limite weakened by the RBNZ inflation expectation survey.
AUD/NZD gains momentum after breaking key resistance
The pair accelerated to the upside, after breaking the 1.0430 area that capped the upside during the previous days. The aussie is having the best day in four weeks against the kiwi, extending the recovery from record low levels.
From a technical perspective a consolidation around current prices should favor the short term outlook for the aussie as it would be confirming a break of a key resistance levels.
AUD/NZD gains momentum after breaking key resistance
The pair accelerated to the upside, after breaking the 1.0430 area that capped the upside during the previous days. The aussie is having the best day in four weeks against the kiwi, extending the recovery from record low levels.
From a technical perspective a consolidation around current prices should favor the short term outlook for the aussie as it would be confirming a break of a key resistance levels.