The pair reached the 1.2300 level but was pulled back toward the 1.2270 area where it is currently quoting. AUD/NZD has attempted to consolidate above the resistance level several times last week without succeeding.

On the downside, next supports come around 1.2245, 1.2200 and 1.2180. On the upside, immediate resistance levels could be located at 1.2300, 1.2340 and 1.2370/80.

Mon, Jul 19 2010, 04:28 GMT
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