Australian and New Zealand dollars pull back from highs

15 Mar, 2014

The Australian and New Zealand dollars pulled back from highs on Friday after heightened tensions in Ukraine and disappointing data in China took the shine off the growth-linked currencies. The Aussie was at $0.9034, having gone as far as $0.9104 in the prior session following surprisingly strong jobs data at home.
It was on track to end the week with a 0.3 percent loss. Support was seen at $0.9013, the 50 percent retracement of the $0.8923-$0.9104 move, with resistance at $0.9045, then $0.9080. The Aussie was nursing hefty losses against the safe-haven yen, and was last at 91.77, having lost around 3 yen in one week.

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