AUD/NZD fails to hold above 1.1000

FXStreet (Córdoba) - The AUD/NZD finished Tuesday higher, 45 pips above Monday’s closing price. The pair strengthened after breaking above 1.0965 and peaked during the European session at 1.1007, the highest since last Thursday

But the Aussie failed to hold above 1.1000 and pulled back. The retreat from the highs found support around 1.0980 and the pair finished the day trading slightly below 1.0990, posting the second highest daily close since the beginning of the month.

AUD/NZD remains rangebound

The pair continues to move sideways with support at 1.0920 and facing resistance at 1.1040/50. A break of the mentioned range could trigger some volatility in the AUD/NZD.