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AUD/NZD drops to 2-week lows

FXStreet (Córdoba) - AUD/NZD dropped further during the American session and bottomed at 1.1102 reaching the lowest price since October 23, weakened by the aussie that is among the worst performers across the board on Wednesday.

During the last 24 hours the pair dropped more than 130 pips. Yesterday the kiwi rose after the release of employment numbers from New Zealand. On Thursday it will be the turn of the Australian labor market numbers.

AUD/NZD reversing sharply

Since the beginning of the week the pair lost 160 pips, after the rally found resistance around 1.1300. Afterwards reversed and accelerated to the downside after breaking below 1.1200.

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