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28 Jan 2014
AUD/NZD recovers and rises above 1.0600
FXstreet.com (Córdoba) - The AUD/NZD recovered ground on Monday and managed to rise back above 1.0600 moving away from multi-year lows. The Aussie rose for the second day in a row against the Kiwi and was among the best performers across the board.
AUD/NZD recovery after rejection from below 1.0550
During Friday's European session the AUD/NZD bottomed at 1.0490, the lowest level since December 2012 but then bounced to the upside and managed to finished the week above 1.0550, moving back toward the previous trading range between 1.0680 and 1.0550.
On Monday the pair rose slowly buy constantly during all day, and peaked during the American session at 1.0627, the highest levels since last Thursday and finished above 1.0600.
AUD/NZD recovery after rejection from below 1.0550
During Friday's European session the AUD/NZD bottomed at 1.0490, the lowest level since December 2012 but then bounced to the upside and managed to finished the week above 1.0550, moving back toward the previous trading range between 1.0680 and 1.0550.
On Monday the pair rose slowly buy constantly during all day, and peaked during the American session at 1.0627, the highest levels since last Thursday and finished above 1.0600.