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31 Dec 2014
AUD/NZD stuck at 5-DMA
FXStreet (Mumbai) - The Australian dollar traded higher against its New Zealand counterpart in the mid-Asian session, extending gains from the previous session.
Currently, the AUD/NZD pair traded at 1.0455 levels, up 0.14% on the day, having posted day’s high at 1.0471 some time ago. The Australian dollar gets an edge over the Kiwi as the both the commodity currency pairs are trading steady, with AUD/USD gaining slightly higher than NZD/USD.
AUD/USD Technical Levels
The pair has an immediate resistance at 1.0482 (10-DMA) levels, above which gains could be extended to 1.05 levels. On the flip side, support is seen at 1.0426 (Dec 29 Low) levels, from here it to below 1.04 levels.
Currently, the AUD/NZD pair traded at 1.0455 levels, up 0.14% on the day, having posted day’s high at 1.0471 some time ago. The Australian dollar gets an edge over the Kiwi as the both the commodity currency pairs are trading steady, with AUD/USD gaining slightly higher than NZD/USD.
AUD/USD Technical Levels
The pair has an immediate resistance at 1.0482 (10-DMA) levels, above which gains could be extended to 1.05 levels. On the flip side, support is seen at 1.0426 (Dec 29 Low) levels, from here it to below 1.04 levels.