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Fresh demand for AUD fuels AUD/NZD appreciation, 1.0850 resistance

  • AUD/NZD up three-quarters-of-a-cent from 1.0753, next hurdle at 1.0850

  • Fresh demand for AUD fuels cross appreciation: AUD/USD thru 0.81 

  • 1.0753 = London am low after profit-taking on NZD shorts 

  • AUD/NZD offers may emerge near 1.0850 & 1.09

  • 1.0847 = rally high from 1.0771 (Asia low). 1.0895 = early Asia 6mth high

  • Market Data
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