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1 Jul 2014
AUD/NZD rises for the second day in a row ahead of RBA
FXStreet (Córdoba) - The Aussie started the week with gains versus the Kiwi, ahead of the RBA meeting. The pair peaked during the American session at 1.0781, the highest price since last Wednesday and currently is steady hovering around 1.0765/70.
Last week the AUD/NZD bottomed at 1.0708, 7-week low and then rebounded, starting to recover ground on Friday. During Monday rose further but the upside was capped by the 1.0780 area.
AUD/NZD levels to watch
To the upside, above Monday's highs, the next resistance could be located at 1.0800 and then 1.0825 (June 24 high). To the downside support levels could be located at 1.0740 and then 1.0700/10 (last week lows).
Last week the AUD/NZD bottomed at 1.0708, 7-week low and then rebounded, starting to recover ground on Friday. During Monday rose further but the upside was capped by the 1.0780 area.
AUD/NZD levels to watch
To the upside, above Monday's highs, the next resistance could be located at 1.0800 and then 1.0825 (June 24 high). To the downside support levels could be located at 1.0740 and then 1.0700/10 (last week lows).