A popular pair for many in the retail trading sector and we've now seen record lows of 1.0331 for the Aussie $ against it's antipodean neighbour after stops were triggered below 1.0350
Strong retail sales have helped give the Kiwi the upper hand in Asia and this morning in Europe
We know liquidity in this pair, and indeed the core pairs is, very thin and it's interesting to note that it's the NZDUSD that's being driven higher to 0.7530 from 0.7490 with AUDUSD treading water but it can all turn on a whim
Earlier in my orderboard post I highlighted the offers at 0.7530 ( see? I really don't make these up) so I hope you took heed and took some profit or got short NZD as the case may be.
Currently 0.7509 dragging AUDNZD back up to 1.0358 with AUDUSD naturally therefore picking up a few bids above 0.7775 but offers at 0.7800 present a decent obstacle to greater advances
Unchartered territory for AUDNZD but expect bids into 1.0300 as a first line in the sand and keep and eye on yen pairs generally with NZDJPY also posting good gains to 89.04
