The Australian dollar reached a five-month high against the greenback on Thursday, with the kiwi not far behind as renewed optimism over a Greek debt deal and upbeat data at home and abroad lifted risk appetite. The Aussie touched a high of $1.0758, a level not seen since September 1, but strong option barriers at $1.0750 and key technical resistance around $1.0750-65 pushed it back to $1.0739.
It has rallied one percent in just 24 hours. Traders said a sustained break could open the way for a retest of the 29-year summit of $1.1081 scaled in July, though positioning could work against the currency. The New Zealand dollar rose around 0.3 percent on the day against the US dollar to a session high of $0.8351, just off a five-month peak of $0.8357 hit on Wednesday. The Australian dollar was little changed versus its New Zealand counterpart at A$1.2855, hovering near a 3-1/2-month low around A$1.2815 hit the previous day.
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