AUD NZD Improved from several days weakening in Forex market
3/23/2017 8:57:08 AM
During Forex market, AUD/NZD improved from the 15-day low 1.0862 as the positive view in the US stocks help become stable AUD and other risk possessions.
Dow dropped for a 4th straight session yesterday, but the wider market showed a diffident recoil as technology stocks reinforced. This, joined with a recovery in copper prices helped AUD/USD recover from 0.7642 to 0.7663 levels.
Subsequently, the AUD/NZD flew to a high of 1.0907 in Asian before cutting gains to trade around 1.0888.
A break below 1.0875 would subject support at 1.0862 and 1.0803 - 1.0768. On the flip side, a break above 1.0908 could revenue a rally to 1.0942 and 1.0968.
FOREX market analysis by FxErvin.