18 Feb 2014
AUD/NZD hovering below 1.0800 ahead of RBA minutes
FXStreet (Córdoba) - During most of the day the AUD/NZD remained steady trading around 1.0800. Recently spiked lower to 1.0780 but rebounded, rising quickly back toward 1.0800, ahead of the release of the minutes of the Reserve Bank of Australia (00:30 GMT).
AUD/NZD with difficulties above 1.0800
Last week the AUD/NZD was unable to hold above 1.0900 and on Thursday plummeted to 1.0735. Since then it has been moving with an upside bias and at the beginning of the week rose to 1.0830, but lost momentum and pulled back. Now, the Aussie is having difficulties holding above 1.0800.
Despite losing strength the AUD/NZD is still moving with an upside bias but the main trend is bearish.
AUD/NZD with difficulties above 1.0800
Last week the AUD/NZD was unable to hold above 1.0900 and on Thursday plummeted to 1.0735. Since then it has been moving with an upside bias and at the beginning of the week rose to 1.0830, but lost momentum and pulled back. Now, the Aussie is having difficulties holding above 1.0800.
Despite losing strength the AUD/NZD is still moving with an upside bias but the main trend is bearish.