by Tue, 06 Apr 2010 06:53:00 +0200
AUD/NZD marks fresh all-time high on RBA rate hike
FXstreet.com (Barcelona) – After moving in a speculative downward motion capped at 1.3040 zone prior to the rate hike by the RBA, the Aussie has strengthened to snap prices back up. The pair is currently jumping higher and approaching 1.3119 (all-time high).
It actually just broke through as the report is being written to hit a fresh record high on the pair. Aussie looks poised to extend its gains as it faces no resistance ahead. Current pricing hovers around 1.3125-30. After analysts were debating on a 50/50 chance to witness an increase, it seems as though the last downbeat retail sales indicator was not enough to prevent another rise.
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