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AUD/NZD Continues to Rally

AUD/NZD Continues to Rally

Thomas Long, Course Instructor

The AUD continues to climb while the NZD continues to fall as this daily chart of the AUD/NZD shows. While the trend has been up for awhile, this recent move up is extremely strong and shows no sign of slowing. I would continue to look for buys on any weakness as long as the pair remains above the 1.31893 low noted on the chart.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.