RTTN:Australian Dollar Trades Below 1.22 Against NZ Dollar
The Australian dollar extended its recent sessions' downtrend against the New Zealand dollar in late Asian deals Thursday, falling below the psychologically important mark of 1.22 for the first time since July 2010.
The aussie-kiwi pair has crossed the 50.0 percent retracement target in the weekly chart, with 1.1860 seen as the next key support level, its 38.2 percent retracement target.
