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Familiar ranges for the NZDAUD pair this week.

Written by Sam Coxhead on November 23rd, 2012.      0 comments

11:16AM (NZT)It has been a relatively quiet week for this  pair, with all the price action within a contained and familiar range. The RBA minutes were of little surprise and the Global Dairy trade auction saw limited response. Expect more of the same next week with just NZ business confidence numbers on Wednesday, and Australia private capital expenditure on Thursday to provide excitement. Certainly expect the recent .7800-.7900 (1.2660 – 1.2820) range to provide boundaries for the price action again next week.
 
The current interbank midrate is:                                                  NZDAUD .7850               AUDNZD 1.2739
Topics: NZD AUD
 

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