Forex: AUD/NZD posts lowest daily close in two weeks

FXstreet.com (Córdoba) - The Kiwi extended gains versus the Aussie on Tuesday, continuing its recovery after falling sharply during the first half of March. The AUD/NZD peaked on March 14 at 1.2680 but since then has moved only to the downside.

Currently the pair is trading at 1.2478/85, at the lowest level in almost two weeks. The pair resumed the bearish bias after moving sideways in the previous four trading days.

To the downside support lies at 1.2460 (Mar 13 low), 1.2420 and 1.2380 while resistance levels are located at 1.2510, 1.2560 (Mar 19, 20 low; Mar 22 high) and 1.2600.

Mar 27, 2013

Forex: EUR/JPY capped below last week lows around 121.60

EUR/JPY has managed to recover around the 121.50 handle where has been so far capped at 121.65 daily highs, around 38.2% Fibo retrace of Monday's down leg, following Euro plunge on EU's chairman words over Cyprus banking crisis, as a layout for further cases in the EZ, what caused Euro markets to panic. The cross bounced Monday at 120.00 round, fresh 1-month low.

Forex: EUR/AUD dragged lower on Oil strength; prints fresh 4-month lows

EUR/AUD continued weakening again through Tuesday, printing fresh 4-month lows at 1.2231, last at 1.2279, off mentioned lows, still -1.23% lower for the week so far. The cross is at this moment recovering a bit on recent Aussie weakness at session lows 1.0475 USD, while EUR/USD is around session highs at 1.2864, though still very limited to the upside.