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30 Sep 2014
AUD/NZD ends above 1.12000
FXStreet (Córdoba) - The aussie rose for the fifth day in a row against the kiwi and posted the highest daily close in three weeks. AUD/NZD jumped during Monday’s Asian session as the kiwi plummeted across the board.
The pair peaked at 1.1280, just a few pips below September highs that lie at 1.1292. But then pulled back and found support around 1.1200. During the American session the pair moved in ranges with support above 1.1200 and resistance at 1.1235, consolidating gains.
The kiwi was the worst performer in the currency market affected by news that the Reserve Bank of New Zealand intervened in the market, selling NZD in August.
The pair peaked at 1.1280, just a few pips below September highs that lie at 1.1292. But then pulled back and found support around 1.1200. During the American session the pair moved in ranges with support above 1.1200 and resistance at 1.1235, consolidating gains.
The kiwi was the worst performer in the currency market affected by news that the Reserve Bank of New Zealand intervened in the market, selling NZD in August.