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15 Dec 2014
AUD/NZD recovers modestly from 8-month low
FXStreet (Córdoba) - The aussie continued to recover against the kiwi after falling to 8-month lows last week. AUD/NZD bottomed on Thursday at 1.0534 and then rebounded.
At the beginning of the European session the pair peaked at 1.0647, hitting the highest price since Thursday but failed to consolidate above 1.0640 and pulled back. At the moment of writing the pair was trading slightly above 1.0600 after trimming daily gains.
AUD/NZD technical levels
To the upside, immediate resistance is seen at 1.0640/50 (daily high) and above here at 1.0680 and 1.0750. On the opposite direction support levels might lie at 1.0600, 1.0560 (daily low) and 1.0535 (Dec 11 low).
At the beginning of the European session the pair peaked at 1.0647, hitting the highest price since Thursday but failed to consolidate above 1.0640 and pulled back. At the moment of writing the pair was trading slightly above 1.0600 after trimming daily gains.
AUD/NZD technical levels
To the upside, immediate resistance is seen at 1.0640/50 (daily high) and above here at 1.0680 and 1.0750. On the opposite direction support levels might lie at 1.0600, 1.0560 (daily low) and 1.0535 (Dec 11 low).