by Tue, 13 Apr 2010 03:37:00 +0200
NZD erasing losses against AUD
FXstreet.com (Barcelona) – The pair is pulling down for a third straight day as a debilitated AUD finds no strength to respond at the downleg moves inflicted by the Kiwi.
On Tuesday, the pair opened at 1.3015 zone on the back of two pronounced falls as the pair got rejected from record highs during last week. NZD has been pressuring quotes down and so far managed to send the pair as low as 1.2970 (intra-day low).
At present, a waning AUD is battling to jump higher although the chart is still printing quotes nearing the day's low. Current pricing can be found hovering around 1.2975.
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