SYDNEY: The Australian and New Zealand dollars resumed their upward march on Thursday as domestic data spoke of continued economic recovery, while markets globally looked ahead to more stimulus in the United States under President Joe Biden.
The Aussie climbed to $0.7770, leaving behind a low of $0.7659 hit at the start of the week. Resistance is now lined up at $0.7805 and the recent 2-1/2-year top of $0.7819. The kiwi dollar reached $0.7195 having bounced from a $0.7097 trough touched on Monday. It faces chart resistance at $0.7200 and $0.7240, ahead of a January high of $0.7314.
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