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 Australian Dollar Extends Decline Against NZ Dollar

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PostSubject: Australian Dollar Extends Decline Against NZ Dollar   Australian Dollar Extends Decline Against NZ Dollar Icon_minitimeThu Aug 23, 2012 9:22 am

Australian Dollar Extends Decline Against NZ Dollar


The Australian dollar extended its Asian session's free fall against its Tasman rival in early European deals Thursday, falling to 1.2860 around 3:00 am ET, its lowest level in more than 5-weeks.
The aussie-kiwi pair has almost breached the downside channel support of a symmetrical triangle formation in the daily chart and its near-term support is visible at 1.2840.



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