FXstreet.com (Barcelona) – AUD/NZD resumed its downside on Monday, hitting a fresh multi-year low below 1.1150 with bank sources mentioning leverage selling helping push the pair into lower territory.
From a price action perspective, the AUD/NZD has been selling uninterruptedly for over 12 straight trading hours, since peaking at 1.1266 last Nov 22. Next major support is seen at 1.10 round number, likely to act as psychological barrier.
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