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Forex: AUD/NZD capped below 1.28 near 2-month lows

By FXstreet.com September 11, 2012, 12:10:00 AM EDT

FXstreet.com (Barcelona) - AUD/NZD is currently at 1.2770 near yesterday's and fresh 2-month lows at 1.2740, still slightly lower for the week, and losing -0.64% from the weekly opening price past Monday Sept 03. The cross reached a weekly high very early yesterday's morning in the interbank open at 1.2819, for then going to mentioned lows, and being capped below 1.2793 since then.

With RBNZ official cash rate to be announced on Thursday: "Seven of the so-called shadow board set up by the New Zealand Institute of Economic Research Inc. said Governor Alan Bollard should leave the rate unchanged, the Wellington-based institute said in an e-mailed statement," 4castweb.com reported moments ago. AUD/NZD is down by -2.35% since late July highs at 1.3078.

Immediate support to the downside for AUD/NZD shows at yesterday's and 2-month lows 1.2750, followed by June 18 lows at 1.2730, and June 21 lows at 1.2700. For the upside, nearest term resistance comes at recent session highs 1.2793, followed by current weekly highs/Sept 03 lows at 1.2810, and Aug 27 highs at 1.2867.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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