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14 Apr 2015
AUD and NZD remain heavy - Westpac
FXStreet (Guatemala) - Sean Callow, analyst at Westpac Banking Corporation noted that AUD and NZD remained heavy after the China trade data shock.
Key Quotes:
"AUD/USD extended its local session decline to 0.7553 early London and then mostly bumped around 0.7560-95."
"On the day, resistance should be found at 0.7615/25, with support at 0.7535. NZD/USD similarly fell further to 0.7422 then wandered either side of 0.7440."
"AUD/NZD remained rangebound within roughly 1.0160 and 1.0200."
Key Quotes:
"AUD/USD extended its local session decline to 0.7553 early London and then mostly bumped around 0.7560-95."
"On the day, resistance should be found at 0.7615/25, with support at 0.7535. NZD/USD similarly fell further to 0.7422 then wandered either side of 0.7440."
"AUD/NZD remained rangebound within roughly 1.0160 and 1.0200."