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5 Feb 2015
AUD/NZD bears on top of the cross; Bulls suffer below 1.0800
FXStreet (Guatemala) - AUD/NZD is currently trading at with a high 1.0555 of and a low of 1.0485.
AUD/NZD is continuing on its bearish trajectory on the way to 1.0480, capped by 1.0743. The NZD has come out on top yet again on the cross with the jobs data underlining a better shape economy than that of Australia and Wheeler didn't come out as dovish as markets had been expecting in is recent speech, although where he did say that rates will now remain on hold due to inflation moving away from their target bracket while he will be monitoring economic data along the way.
AUD/NZD is offered while below 1.0800 and it is not too long go that the pair was changing hands at 1.0355 and with such string momentum from the mid point of the 1.07 handle. 1.0472 comes as next target with 1.0450 and 1.4020.
AUD/NZD is continuing on its bearish trajectory on the way to 1.0480, capped by 1.0743. The NZD has come out on top yet again on the cross with the jobs data underlining a better shape economy than that of Australia and Wheeler didn't come out as dovish as markets had been expecting in is recent speech, although where he did say that rates will now remain on hold due to inflation moving away from their target bracket while he will be monitoring economic data along the way.
AUD/NZD is offered while below 1.0800 and it is not too long go that the pair was changing hands at 1.0355 and with such string momentum from the mid point of the 1.07 handle. 1.0472 comes as next target with 1.0450 and 1.4020.