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20 May 2015
AUD/NZD unable to rise above 1.0800
FXStreet (Córdoba) - AUD/NZD traded so far limited. Recently reached a fresh daily high at 1.0797 and on European hours bottomed at 1.0740, hitting the lowest level since the beginning of the week.
Price action remains trapped yesterday's lows and 1.0800. The upside lost momentum near the mentioned level while to the downside the area around 1.0740 continues to be a key short term support; a consolidation below could trigger more declines.
The aussie and the kiwi are falling for the fifth day in a row against the US dollar, extending the retreated after soaring last Thursday. While NZD/USD trades at 2-month lows around 0.7300, AUD/USD is testing last week lows.
At 18:00 GMT, FOMC minutes will be released. During Thursday's Asian session in New Zealand budget information will be present while in Australia the Melbourne Institute will release its Consumer Inflation Expectations report.
Price action remains trapped yesterday's lows and 1.0800. The upside lost momentum near the mentioned level while to the downside the area around 1.0740 continues to be a key short term support; a consolidation below could trigger more declines.
The aussie and the kiwi are falling for the fifth day in a row against the US dollar, extending the retreated after soaring last Thursday. While NZD/USD trades at 2-month lows around 0.7300, AUD/USD is testing last week lows.
At 18:00 GMT, FOMC minutes will be released. During Thursday's Asian session in New Zealand budget information will be present while in Australia the Melbourne Institute will release its Consumer Inflation Expectations report.