The Australian dollar hovered near two-month highs on Friday as caution before the release of crucial stress test results for European banks capped gains made on better economic data and earnings. The Australia dollar fell to the day's low of $0.8899 in the wake of the El Pais report, but quickly rebounded to $0.8916.
It now faces resistance at the 200-day moving average of $0.8965, with support at $0.8881 and $0.8850/60. For the week, the Aussie dollar was up 2.9 percent. The NZ dollar was off its highs at $0.7230, having traded between $0.7233 and a one-week high of $0.7275.
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