SYDNEY: The Australian and New Zealand dollars were nursing losses on Wednesday after Australia’s central bank managed to sound super-dovish even as it edged closer to an eventual rate rise, though strong jobs data offered some support to the kiwi.
The Aussie was lying back at $0.7435, after sliding 1.2% overnight and away from its recent four-month top of $0.7555, which is also the 200-day moving average. Support comes in around $0.7380 and $0.7325.
The kiwi dollar was pinned at $0.7122, having shed 1.1% overnight after repeatedly failing to cross resistance around $0.7219. It’s 200-day moving average is providing support at $0.7100.
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