30 Apr 2015
AUD/NZD rejected from above 1.0500, falls to 1.0330
FXStreet (Córdoba) - The aussie failed to hold to gains against the Kiwi and dropped even below the level it had before the Reserve Bank of New Zealand statement.
Almost 24 hours ago AUD/NZD jumped after the RBNZ decision and climbed from 1.0405 to 1.0520, hitting a 7-week high. But then turned to the downside, trimmed gains an accelerated on European horus.
Price bottomed a few hours ago at 1.0335, almost 200 pips below daily highs and also under the level it had before the statement. The aussie is so far the worst performer among the most traded currencies on Thursday.
During the last hours AUD/NZD has remained steady moving in a range with support at 1.0340 and resistance at 1.0375, still up for April but back into negative territory for the year.
Almost 24 hours ago AUD/NZD jumped after the RBNZ decision and climbed from 1.0405 to 1.0520, hitting a 7-week high. But then turned to the downside, trimmed gains an accelerated on European horus.
Price bottomed a few hours ago at 1.0335, almost 200 pips below daily highs and also under the level it had before the statement. The aussie is so far the worst performer among the most traded currencies on Thursday.
During the last hours AUD/NZD has remained steady moving in a range with support at 1.0340 and resistance at 1.0375, still up for April but back into negative territory for the year.