23 Jan 2014
AUD/NZD hit fresh 8-year lows
FXstreet.com (Córdoba) - The AUD/NZD fell on Thursday and bottomed during the American session at 1.0528, reaching the lowest price since December 2005. In the final hours finally stabilized and bounced to finished the day hovering around 1.0560.
AUD/NZD keeps looking for support
The recovery that followed the release of Australian CPI data proved to be short-lived. On Wednesday the AUD/NZD rose to 1.0673 and afterwards consolidated around 1.0650. But, shortly after the release of the Chinese PMI the Aussie started to decline across the board, pushing the AUD/NZD to the downside. On European hours the pair tumbled bottoming after Wall Street's opening bell.
Every recovery in the last weeks has been short-lived and the trend, in any time frame continues to be bearish. The Aussie was among the worst performers on Thursday. While the AUD/USD hit fresh multi-year lows, the NZD/USD finished with a small gain.
AUD/NZD keeps looking for support
The recovery that followed the release of Australian CPI data proved to be short-lived. On Wednesday the AUD/NZD rose to 1.0673 and afterwards consolidated around 1.0650. But, shortly after the release of the Chinese PMI the Aussie started to decline across the board, pushing the AUD/NZD to the downside. On European hours the pair tumbled bottoming after Wall Street's opening bell.
Every recovery in the last weeks has been short-lived and the trend, in any time frame continues to be bearish. The Aussie was among the worst performers on Thursday. While the AUD/USD hit fresh multi-year lows, the NZD/USD finished with a small gain.