AUD/NZD keeps rising and reaches 5-month highs

FXStreet (Córdoba) - AUD/NZD resumed the upside yesterday and today rose further reaching levels on top of 1.0800 for the first time in five months. Recently reached a fresh high at 1.0843 and remains above 1.0820, more than 200 pips higher than the level it had at the beginning of the week.

While the aussie remains resilient in the market the kiwi continues to decline across the board mid speculations about a rate cut by the Reserve Bank of New Zealand.

AUD/NZD technical levels

To the downside, support level might now li 1.0780, 1.0740 and 1.0700. On the opposite directions, resistance could be seen at 1.0840/45 (daily high), 1.0865 adn 1.0930 (Nov 18 low).