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FXStreet (Córdoba) - AUD/NZD is consolidating important daily gains on Wednesdays, on the back of a rally of the aussie after inflation data from Australia, that reduced expectations of a rate cut by the Reserve Bank of Australia.
The pair jumped during the Asian session and climbed from 1.0060 to 1.0130. Then pulled back and found support around 1.0080. During the American session resumed the upside and recently printed a fresh high at 1.0135.
Price remains near the highs, rising after three consecutive day of losses and is back at the level it had at the beginning of the week.
AUD/NZD levels to watch
To the upside, two key levels lie ahead: 1.0150 and above here the 1.0200 - 1.0220 area that limited the pair on the previous two weeks. On the other way, immediate support lies at 1.0080 (European session low) and 1.0035 (Apr 21, 22 low).
