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AUD/NZD benefits from advances in US dollar

FXStreet (Guatemala) - AUD/NZD is trading at 1.1141, up 0.34% on the day, having posted a daily high at 1.1162 and low at 1.1102.

AUD/NZD is taking advantage of the recent slide in the kiwi as the greenback moves in on higher highs across the forex ticker. This move is going against the grain that had been solidified further by the recently strong NZ employment report when the pair tested through the 1.10 handle. The Australian jobs report was a tad mixed, with revisions for September coming in worse although coming with a relatively strong headline number.

Regardless, it will take something more substantial to break up into the 1.12 handle than perhaps just further moves in the US dollar to the upside, say based upon a strong Nonfarm payrolls report, could continue to support the cross due to liquidity and risk-on markets which tend to benefit the Aussie.

AUD/NZD noteworthy levels

Current price is 1.1143, with resistance ahead at 1.1150 (Daily Classic PP), 1.1162 (Daily High), 1.1169 (Daily 20 SMA), 1.1186 (Weekly Classic S1) and 1.1201 (Hourly 100 SMA). Next support to the downside can be found at 1.1130 (Hourly 20 EMA), 1.1102 (Daily Low) and 1.1092 (Yesterday's Low).

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