Aussie and kiwi poised to end the month with solid gains as U.S. dollar weakens
The Australian and New Zealand dollars are on track to finish the month with strong gains, buoyed by breaks through key chart barriers and a waning U.S. dollar. The Australian dollar (AUD) after reaching an eight-month high, marking a gain for the month. Resistance levels are now in sight, a peak from last December, as the next targets. Similarly, the New Zealand dollar (NZD) having touched a high overnight. This performance has lifted the kiwi for the month, positioning it for a potential rise, the high from December. Support for the NZD is found.
Read more to find out how will the Australian and New Zealand dollars trend.
Disclaimer:
As the month draws to a close, the Australian and New Zealand dollars appear poised to continue their upward trajectory, supported by a combination of domestic resilience and the diminishing appeal of the U.S. dollar. Traders are advised to prioritize proper risk management to make well-informed trading decisions.
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