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AUD/NZD fall below 1.0900, 4-month low

FXStreet (Córdoba) - The aussie accelerated the decline versus the kiwi and reached the lowest price since July after losing a key support level. AUD/NZD dropped below 1.0905 and accelerated to the downside. So far the pair bottomed at 1.0826 but remains under pressure, testing the lows.

The pair is having the worst performance in months, losing almost a hundred pips and is headed toward the seventh daily loss out of the last eight trading days.

AUD/NZD under 1.0900 - 1.0920

Yesterday the pair closed slightly below 1.0920 and today broke decisively the 1.0900 area, dropping below a long term support level; and extended the retreated after finding resistance around 1.1300 at the beginning of the month.

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