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A quick look at the NZD/AUD pair.

Written by Sam Coxhead on September 8th, 2011.      0 comments

5:45 PM (NZT) Range so far this week : .7784 - .7969 (1.2547 -1.2871)     Current rate: .7869 (1.2708)
 
The broader range of .7800-.8000 (1.2500-1.2820) remains in place for the most part. Today’s bounce from the .7800 (1.2820) level on the back of the weaker than expected employment number in Australia has seen bought AUD/sold NZD investors exit positions quickly and this has pushed the NZD higher across the board. The most liquid NZD market is against the AUD, and all NZD pairs can often be influenced as larger players entering or exiting positions on the AUD cross. Look to see the pair remain in this broader range ahead of the RBNZ meeting next week.
 

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