Tuesday, May 26, 2009

NZDUSD reaches fresh 7-month high; AUDUSD tests 0.7870

FXstreet.com (Córdoba) – Dollar weakness continued across the board. Against NZD has fallen to fresh 7-month low. NZDUSD broke above 0.6235 (previous high) and reached 0.6250. Now the pair is trying to go higher. Next resistance zone is at 0.6270. So far today the pair has risen more than 40 pips, after recover early loses that took the pair below 0.6100.

The Aussie has recently tested 7-month high at 0.7868. AUDUSD has risen more than 150 pips in the last hours after rebounding at 0.7700. Against the Euro, the Australian dollar rocketed after the opening bell in Wall Street. EURAUD fell from 1.7970 to 1.7780. The pair is a few pips away of last week lows at 1.7778.

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