WELLINGTON (Dow Jones)--The New Zealand dollar was trading slightly higher late Thursday, but remained range-bound despite positive news from Australia.
"The Kiwi seems stuck around the US$0.7400 level despite what would normally pull it up: overwhelmingly positive news coming out of Australia, investor appetite," said Custom House NZ dealer Chris Hunter.
The Australian dollar rose to a fresh 15-month high after news Australia's economy created a further 24,500 jobs in October. That currency was trading at US$0.9348 ...
The above article just confirms how powerful technical analysis is... I knew nothing about this data until tonight @ 9:40 pm
as you can see I'm on both of these currencies ( see posts)... Hope it helps
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