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11 Mar 2014
AUD/NZD breaks below 1.0600
FXStreet (Córdoba) - The AUD/NZD posted the third consecutive daily loss and closed at the lowest level since January 24 amid a weak Australian dollar that was among the worst performers on Tuesday.
During the American session the pair accelerated to the downside after breaking below 1.0630 and bottomed at 1.0583. From there bounced slightly but so far unable to rise back above 1.0600. It closed at 1.0593, 70 pips below daily highs that were reached at 1.0663 during the Asian session.
In just two day the AUD/NZD lost previous weekly, resuming bearish movements ahead of the RBNZ decision and the Australian employment report, that will be released on Thursday.
During the American session the pair accelerated to the downside after breaking below 1.0630 and bottomed at 1.0583. From there bounced slightly but so far unable to rise back above 1.0600. It closed at 1.0593, 70 pips below daily highs that were reached at 1.0663 during the Asian session.
In just two day the AUD/NZD lost previous weekly, resuming bearish movements ahead of the RBNZ decision and the Australian employment report, that will be released on Thursday.