SUBSCRIBE TO FEEDFXstreet.com (Córdoba) – AUD/NZD managed to break above the 1.2340/50 area that been capping the upside for the pair the last 3 weeks. The pair jumped over 100 pips after the RBNZ announced a rate hike by 25bps as expectation is now that they won’t hike for another few months.
The pair continued heading higher and reached a fresh 3-week high at 1.2383, before settling slightly lower around 1.2370 where it is currently trading, 0.81% above its opening price.
On the upside, next resistance levels could be faced at 1.2380, 1.2410 and 1.2450, while support levels might be found at 1.2340/50, 1.2300 and 1.2265.
For more information, read our latest forex news.
