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AUD/NZD testing weekly lows

FXStreet (Córdoba) - The aussie managed to recover ground against the US dollar, but versus the kiwi fell for the second day in a row. AUD/NZD ahead of the Asian session is testing weekly lows that lie around 1.1020.

The pair moved with a downside bias all Thursday after finding resistance yesterday at 1.1100.

Ahead of New Zealand general elections, AUD/NZD is falling for the second week in a row, as it continues to retreated from 2014 highs reached earlier in September at 1.1292. Since then it has fallen almost 300 pips. The area around 1.1000 - 1.1020 has become an important short term support.

GBP/JPY climbs above 178.00, highest since Oct 2008

Cable is rising strongly against the yen for the second day in a row. GBP/JPY has risen more than 400 pips during the last two days. Hours ago broke above 178.00 and climbed to 178.34, reaching the strongest level in almost six years.
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US stocks closed positive on Post-Fed party

Wall Street finished Thursday with a positive note as investors digested mixed US economic data as well as they welcomed Fed's script and schedule to hike rates no sooner than 2015.
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