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Wednesday, May 18, 2011

$ AUD low modest rally New Zealand is still on the defensive

Monday (16th) Asian city midday AUD/USD from around lows, boosted by China's economic growth prospects and stock market weakness of suppressing NZD. In addition, the Australian and New Zealand are held steady against the euro.

$ AUD/from 1.052 hit a one-month lows on Friday. Located near 1.0513 important support material, the next support see 1.049 (April 19 low), the resistance is located near the 1.0618.

$ niuyuan/0.7826 earlier had hit a two-week lows.

12:11 ', Australian/US $ 1.0550/55; $ niuyuan/0.7839/45.