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AUD/NZD breaks 1.1200 and hits highest since November
FXStreet (Córdoba) - The AUD/NZD broke the key resistance area at 1.1200 during the European session and continued to climb above. Recently printed a fresh high at 1.1233, reaching levels last seen in November 2013.
The pair is headed toward the fifth weekly gain in row and the seventh out of the last eight weeks, extending the recovery from 8-year lows that were reached in January.
Price was holding near the highs at 1.1230, up more than 80 pips from Tuesday’s closing level, having the best day since mid July.
