AUD/NZD in ranges, below 1.0800

FXstreet.com (Córdoba) - The AUD/NZD finished flat on Wednesday, after moving during all day sideways near 2013 lows. The pair has been unable to recover and remained trading near weekly lows. During the American session price fell to 1.0750, five pips below Tuesday's lows and reached a fresh 3-week low, afterwards rebounded erasing losses.

Since Tuesday's American session the pair is moving inside a range, with support above 1.0750 and resistance at 1.0785.

AUD/NZD still eyes 2013 lows

Over the last ten trading day, the Aussie was able to rise only in one against the Kiwi. The pair weakened after being unable to break above 1.0900 in the last weeks and pulled back toward multi-year lows. During 2013 lost 1700 pips or 13,5% and bottomed on December at 1.0735, the lowest price since October 2008.