AUD/NZD Jumps On RBA Minutes

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AUD/NZD Jumps On RBA Minutes

By Greg Michalowski on October 20, 2009 | More Posts By Greg Michalowski | Forex News By FXDD

The AUD/NZD pair got a boost following the release of the RBA minutes, which were positive and insinuated that the rate structure in Australia would continue to rise. The pair moved to the 38.2% retracement of the latest move on the hourly chart, finding some resistance there and the trending 21hr moving average.

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