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AUD/NZD soars and approaches 1.1200

FXStreet (Córdoba) - AUD/NZD is having the best 24 hours since the beginning of the month, in which it rose more than 150 pips. Recently printed a fresh high at 1.1196, strongest level since October 8.

The pair started to rally on Wednesday after breaking above 1.1050, that was an important short term resistance. Later, a lower-than-expected reading of the 3Q CPI in New Zealand, pushed the kiwi to the downside across the board, and AUD/NZD soared a hundred pips in a few hours.

Outlook improves for AUD/NZD

The aussie is headed toward the first weekly gain after falling in the previous two and could post the second highest close for 2014, as it continues to rebound from 1.0980, that has become a key short term support.

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USD/CAD steadies after choppy day

Loonie trades nearly flat against the greenback Thursday a day after volatility picked up on the back of BoC statement and shooting in Ottawa.
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